Labor Cash Earnings (YoY)
This indicator, released by the Ministry of Health, Labor and Welfare, shows the average income, before taxes, per regular employee. It includes overtime pay and bonuses but it doesn't take into account earnings from holding financial assets nor capital gains. Higher income puts upward pressures on consumption, and is inflationary for the Japanese economy. Generally, a higher-than-expected reading is bullish for the Japanese Yen (JPY), while a below-the-market consensus result is bearish.
Next Event -
The typical/expected impact on JPY pairs is Medium.
Lower numbers than forecast tend to be bullish for xxx/JPY pairs and bearish for JPY/xxx pairs.
Most Recent -
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 07 December 2025 | 23:30 | 2.6% | 2.2% |
| 05 November 2025 | 23:30 | 1.9% | 1.9% |
| 07 October 2025 | 23:30 | 1.5% | 2.6% |
| 04 September 2025 | 23:30 | 4.1% | 3% |
| 05 August 2025 | 23:30 | 2.5% | 3.2% |
| 06 July 2025 | 23:30 | 1% | 2.4% |
| 04 June 2025 | 23:30 | 2.3% | 2.6% |
| 08 May 2025 | 23:30 | 2.1% | 2.3% |
| 06 April 2025 | 23:30 | 3.1% | 3.1% |
| 09 March 2025 | 23:30 | 2.8% | 3.2% |
| 04 February 2025 | 23:30 | 4.8% | 3.8% |
| 08 January 2025 | 23:30 | 3% | 2.7% |
| 05 December 2024 | 23:30 | 2.6% | 2.6% |
| 06 November 2024 | 23:30 | 2.8% | 2.8% |
| 07 October 2024 | 23:30 | 3% | 3.1% |
| 04 September 2024 | 23:30 | 3.6% | 3.1% |
| 05 August 2024 | 23:30 | 4.5% | 2.3% |
| 07 July 2024 | 23:30 | 1.9% | 2.1% |
| 04 June 2024 | 23:30 | 2.1% | 1.7% |
| 08 May 2024 | 23:30 | 0.6% | - |