AI Data Insight
In September 2026, Japan's wage index remained flat at 97.8, showing a steady year-on-year growth of 3.7%. Although official nominal wages surged by 4.6% due to the impact of special bonuses, the 3.7% YoY increase in this index more accurately reflects the strong support of regular basic wages. Real wages have recorded positive growth for nine consecutive months, indicating that a consumption recovery will further consolidate the Bank of Japan's monetary normalization pace.