Wages in Japan record highest growth since 1997, boosting monetary policy

Follow and read us on Google Discover Japanese workers’ nominal wages rose at the fastest pace in nearly three decades, boosted by strong corporate profits and a tight labor market, data that is likely to keep the Bank of Japan on the path of further tightening of monetary policy. The nominal wage rose 4.7% in …

Australian consumer confidence plummets on interest rate fears

Australian consumer confidence plummets on interest rate fears

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Follow and read us on Google Discover Australian consumer confidence fell again in September, entering deeply pessimistic territory, driven by household concerns that the Reserve Bank resume the rise in interest rates, as well as the increase in fuel prices. The Consumer Confidence Index fell 5.2%, to 84.4 points, as reported Westpac Banking in a …