通胀趋势深化 日本5月实际薪资创近两年最大跌幅

Group 1 - Japan's real wages fell by 2.9% year-on-year in May, marking the largest decline in 20 months and the fifth consecutive month of decline, as inflation continues to outpace wage growth [1] - The average wage increase for the fiscal year 2025 is reported at 5.25%, the highest in 34 years, following increases of 5.10% and 3.58% in the previous two years [1] - Nominal cash earnings grew by only 1.0% in May, the lowest increase since March 2024, significantly lagging behind the 4.0% rise in consumer inflation [1] Group 2 - The Bank of Japan is closely monitoring wage trends as they are crucial for maintaining consumer momentum and determining the timing of future interest rate hikes [2] - There is a possibility that the Bank of Japan may raise its inflation forecasts in the upcoming quarterly economic report due to inflation rates exceeding expectations [2] - The rising inflation and rental prices in Tokyo signal a deepening inflation trend in the economy, providing a basis for potential interest rate increases by the Bank of Japan [3] Group 3 - Tokyo apartment rents are rising at the fastest pace in 30 years, with a 1.3% year-on-year increase in April-May, indicating that inflation is permeating the rental market [3] - The increase in rents is seen as a sign of a shift towards normalization in monetary policy, as it reflects rising base prices [3] - The Bank of Japan has identified the real estate market as a key area to monitor closely in its semi-annual financial system report [3]