AI Data Insight
According to the latest data, Japan's wage index for Q2 2026 reached 98.1. Although slightly lower than the previous value of 99.7, it demonstrated a strong year-over-year growth of over 3% compared to the same period last year. Benefiting from the historic achievement of large enterprises raising wages by over 5% during the Shunto (spring wage offensive), both nominal and real wage growth have exceeded market consensus. This trend is accelerating the Japanese economy's entry into a "virtuous cycle of wages and prices," significantly boosting the probability of a rate hike by the Bank of Japan in the short term.