Nominal wages matched market forecasts, quickened from an upwardly revised 3.3% in May and stayed above 3% for a fifth consecutive month.
Average cash earnings in Japan rose 3.4% year on year in June 2026, matching market forecasts and accelerating slightly from an upwardly revised 3.3% increase in May. The June reading marked the 54th consecutive month of nominal wage growth and kept annual wage gains above 3% for a fifth straight month, underscoring continued momentum in pay trends.