Labor Cash Earnings y/y show the change in the average income per one full-time employee (taxes are not included) in the current month compared to the same month of the previous year. The calculation includes overtime pay and bonuses and excludes dividends and income obtained from financial assets.
The indicator is used to measure inflation.
The chart of the entire available history of the "Japan Labor Cash Earnings y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.