Second round of tallying by Japan's Rengo indicates that the average wage increase was 5.12% (vs initial 5.26%), via Nikkei; small and medium-sized enterprises at 5.03%
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ECB Consumer Expectations Survey (Feb): 97% of the responses were recorded before the onset of the war in the Middle East on 28 February; Median consumer perceptions of inflation over the past 12 months remained unchanged
EU ECB Consumer Inflation Expectations (Feb) 2.5% (Prev. 2.6%)
Second round of tallying by Japan's Rengo indicates that the average wage increase was 5.12% (vs initial 5.26%), via Nikkei; small and medium-sized enterprises at 5.03%
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Context
Japan's Rengo's second-round wage increase tally shows an average rise of 5.12%, slightly down from the initial 5.26%. This moderation, especially among small and medium-sized enterprises at 5.03%, suggests potential limits on wage growth, which could impact inflation expectations and monetary policy discussions moving forward.
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