Japan wages increase less than projected

Note: This section contains information in English only.
Source: Bloomberg
Japan's wage growth decelerated in June, underlining the risk to consumer expenditure as inflation compresses household budgets in the country's economy. Average total monthly earnings grew 0.4% from last year as compared to a 0.6% gain in May, whereas the wages jumped 0.3% excluding bonuses and overtime. Japan's Prime Minister Shinzo Abe says wages have to grow quicker than inflation to boost the economic recovery.
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Thu, 31 Jul 2014 09:31:13 GMT

New Zealand Dollar recovers against its US counterpart

The Kiwi climbed against the Greenback, recovering from almost the lowest price in two months, which had been a result of a statement from the RBNZ. But now the Fed's policy announcement hurt demand for the US Dollar. The pair hit 0.8518, its highest in two days, and proceeded to consolidate at 0.8505.

Thu, 31 Jul 2014 09:09:13 GMT

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