Japan's inflation-adjusted real wages rose 1.9% YoY in February, marking the fastest pace of growth since 2021 and exceeding market expectations of 1.3%. The data will provide justification for the Bank of Japan to consider raising interest rates as early as this month.Japan's nominal wages increased 3.3% in February, above the broadly expected 2.7%. Base pay grew 3.3%, representing the largest increase in nearly 34 years. (mn/w)
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