Japanese wages climbed again in May, comfortably outpacing inflation and reinforcing the Bank of Japan’s stance toward raising interest rates.
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Japanese wages climbed again in May, comfortably outpacing inflation and reinforcing the Bank of Japan’s stance toward raising interest rates.
Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.
An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…