Japan real wages rise for eighth straight month, backing case for BOJ hikes

<p dir="ltr">The detail that matters most for the Bank of Japan is base pay. Regular wages holding steady near 4% points to durable wage growth rather than a bonus-driven spike, which is the kind of evidence policymakers want before tightening further. That supports the yen and front-end Japanese government bond yields at the margin, even as the headline real wage gain slowed. The risk to the real