Japan’s household expenditure expectations are massively beaten, for more boj walks

In December, Japan’s household expenditures were 2.7% in the year, in a real point of view, protecting the envy of economists from Reuters since July 2024.

The figure, increasing the work for another interest rate from the Japanese bank, defeated the expectations of 0.2%.

By Friday language Report from the Japan Statistics OfficeIn Japan, the average household costs were 352,633 yen in December ($ 2.332), up to 7% in nominal terms of the previous year.

The average monthly income of the household was 1.179,259 yen, 7.2% in nominal terms and increased by 2.9% over the year.

The data comes from Boj, Benchmark increased the policy speed by 0.5%The highest since 2008. If the Boj saw higher prices and a “virtuous cycle” of higher prices and growing salaries, he said he must long for the ratio.

Naoki Tamura, a member of the Board of the Board on Thursday, said he was “necessary” to increase short-term interest rates for Boj “At least 1% in the second half of the financial year 2025 “. Japan’s 2025 financial year ends March 31, 2026.

Japan’s recognizable spring payroll, which is also known as Shunto talks, will focus on investors who watch the interest rates of Boj. Negotiations will start in February, and Greater companies Will respond in mid-March.

The head of the Japanese Trade Union Confederation or Rengo, in January 2025, the annual salary increase for Japanese employees should be higher than 5.1% growth in the last year, because the real wage continues to fall, Reuters reported.

Information in the country Ministry of Labor In the last three years, the real salary fell in the last three years, in 2024, a real salary in 2024.

Rengo President Tomoko Yoshino said the Labor Organization has officially increased by using at least 5% increase in Schundo salary talks this year.

In small companies, Yoshino said that there should be at least 6% for the previous ones to ensure that the employees are not behind those who are greater.

– CNBC’s Lee Ying Shan contributed to this report.

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