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5th Feb 2024 20:25China+, Daily Monitor

  • Japanese nominal wage growth rose slightly in December but remains well below earlier highs..
  • The continued decline in real wages, albeit easing, is dragging down real household spending.
  • Disappointing tourism wages raise questions about the hoped-for transition to demand-push inflation.

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Keywords for: 7 February 2024 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence