Prior was -2.9%Spending m/m -0.9% vs +0.2% expected (-1.0% m/m prior)Overtime pay -0.7% vs +0.9% priorOverall labour cash earnings +1.0% vs +0.2% priorThere hasn't been a positive year-over-year number since February 2023.This is a substantial miss on the m/m number and may give the BOJ pause ahead of the March 19 meeting. We won't have to wait long with Ueda set to appear in parliament at 1:41 pm local time (0441 GMT).The BOJ said it's watching spring wage negotiations carefully so we're waiting for more indications on that. This article was written by Adam Button at www.forexlive.com.
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