Japan real wages unexpectedly rise, keeping BOJ on hike path and pushing up yen

Quick Summary:

The yen rose as high as 143.19 against the US dollar following the Japanese labour data release.

Mr Kishida resigned after persistently low approval ratings that partly reflected voter dissatisfaction over the failure of wages to keep up with rising prices.

Given its dominance in Parliament, the LDP’s Sept 27 election is all but certain to determine the nation’s next premier after Japan’s Prime Minister Fumio Kishida announced his decision to step down.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Latest Strong Cent Real Growth Rising Years Rate Gain Hike Wages

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 09:56:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22371490

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