In September, nominal wages in Japan rose 4.6 percent year over year, the fastest increase since 1997, Bloomberg reports. The real income of the population, adjusted for inflation, increased by 2.2%. Accelerating wage growth boosts market expectations for an interest rate hike by the Bank of Japan at its Dec. 18 meeting.

In September, nominal wages in Japan rose 4.6 percent year over year, the fastest increase since 1997, Bloomberg reports. The real income of the population, adjusted for inflation, increased by 2.2%. Accelerating wage growth boosts market expectations for an interest rate hike by the Bank of Japan at its Dec. 18 meeting.