Labor Cash Earnings (YoY)

Indicator released by the Ministry of Health, Labour and Welfare shows the average income, before taxes, per regular employee. It includes overtime pay and bonuses but it doesn't take into account earnings from holding financial assets nor capital gains. Higher income puts upward pressures over consumption, therefore an increasing trend in earnings is inflationary for the Japanese economy. A higher than expected reading is bullish for the yen, while below the market consensus the result is bearish.

Most recent - Tuesday 4 June 2024 23:30

Previous
1%
Revised
1%
Forecast
1.7%
Actual
2.1%

Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.

Next event - Monday 8 July 2024 23:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on JPY pairs is medium.

There is no forecast value for Labor Cash Earnings (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labor Cash Earnings (YoY) was 2.1% against a forecast of 1.7%.

Past events

Date
Forecast
Actual
Tuesday 4 June 2024 23:30
1.7%
2.1%
Thursday 9 May 2024 23:30
-
0.6%
Sunday 7 April 2024 23:30
-
1.8%
Wednesday 6 March 2024 23:30
-
2%
Monday 5 February 2024 23:30
1.3%
1%
Tuesday 9 January 2024 23:30
1.5%
0.2%
Thursday 7 December 2023 23:30
-
1.5%
Monday 6 November 2023 23:30
1%
1.2%
Thursday 5 October 2023 23:30
1.5%
1.1%
Thursday 7 September 2023 23:30
-
1.3%
Monday 7 August 2023 23:30
1.6%
2.3%
Thursday 6 July 2023 23:30
0.7%
2.5%
Monday 5 June 2023 23:30
0.5%
1%
Monday 8 May 2023 23:30
0.8%
0.8%
Thursday 6 April 2023 23:30
1.4%
1.1%
Monday 6 March 2023 23:30
2.8%
0.8%
Monday 6 February 2023 23:30
0.9%
4.8%
Thursday 5 January 2023 23:30
1.5%
0.5%
Monday 5 December 2022 23:30
1.7%
1.8%
Monday 7 November 2022 23:30
2%
2.1%
Thursday 6 October 2022 23:30
2.5%
1.7%
Monday 5 September 2022 23:30
2.5%
1.8%
Thursday 4 August 2022 23:30
2.1%
2.2%
Monday 4 July 2022 23:30
1.8%
1%
Monday 6 June 2022 23:30
0.5%
1.7%
Sunday 8 May 2022 23:30
-0.3%
1.2%
Monday 4 April 2022 23:30
-0.5%
1.2%
Monday 7 March 2022 23:30
-0.3%
0.9%
Monday 7 February 2022 23:30
0.1%
-0.2%
Thursday 6 January 2022 23:30
0.5%
0%
Monday 6 December 2021 23:30
0.7%
0.2%
Monday 8 November 2021 23:30
-
0.2%
Thursday 7 October 2021 23:30
0.6%
0.7%
Monday 6 September 2021 23:30
0.8%
1%
Thursday 5 August 2021 23:30
1.7%
-0.1%
Monday 5 July 2021 23:30
1.3%
1.9%

Economic context

Recent economic data has been broadly neutral for JPY. Other recent announcements which may affect the market's interpretation of the next Labor Cash Earnings (YoY) result:

PreviousLatest
Gross Domestic Product AnnualizedBullish change-2%-1.8%
Current Account n.s.a.Bearish change¥3398.8B¥2050.5B
Gross Domestic Product (QoQ)(no change)-0.5%-0.5%
Gross Domestic Product Deflator (YoY)Bearish change3.6%3.4%

About Labor Cash Earnings (YoY)

Country:Japan
Currency:JPY
Source:Ministry of Economy, Trade and Industry of Japan
Category:Labor Market
Frequency:Monthly
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