Japanese Overtime Pay YoY (Nov) Y/Y 1.20% vs. Exp. 1.4% (Prev. 2.10%, Rev. 1.5%)
Japanese overtime pay year-on-year has come in at 1.20%, missing expectations of 1.4% and down from the previous reading of 2.10%.
PBoC announced on Wednesday it will conduct a CNY 1.1tln outright reverse repo operation on Thursday to maintain ample liquidity in the banking system.
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: China's Commerce Ministry announced an anti-dumping probe into Japan's dichlorosilane imports, which is a key chipmaking chemical
Japanese Overtime Pay YoY (Nov) Y/Y 1.20% vs. Exp. 1.4% (Prev. 2.10%, Rev. 1.5%)
US Republican Senator Graham says after meeting Wednesday with US President Trump, that he has greenlit the bipartisan Russia sanctions bill, while Graham looks forward to a vote as early as next week
PRE-MARKET AUSTRALIAN STOCKS NEWS: BlueScope Steel (BSL AT) board rejected the SGH (SGH AT)/Steel Dynamics (STLD) takeover offer
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This decline is indicative of potential softness in labor costs, which could influence consumer spending and overall economic momentum. The miss may also have implications for the outlook on inflation and monetary policy, potentially putting pressure on the Bank of Japan to reassess its current stance.
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