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Japanese July wage growth beats forecasts with 4.7% rise
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
07/09/2026 23:421 min read
The July 2026 Japanese wage data are presented below.
Average cash earnings increased 4.7% from a year earlier.
- Forecast was 3.9%, prior reading was 4.0%
Real wages rose 2.4% year-on-year.
- Largest rise since May 2021
- Seventh straight monthly increase
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