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<p>I posted the data with more or less that headline just  a few minutes ago:</p><ul><li><a href="https://www.forexlive.com/news/japan-data-october-real-wages-fall-the-hardest-since-june-of-2015-20221205/" target="_blank" rel="follow" data-article-link="true">Japan data - October real wages fall the hardest since June of 2015</a></li></ul><p>The data has caught the, very rapid, attention of <a href="https://www.channelnewsasia.com/business/japan-oct-real-wages-post-biggest-fall-7-years-hot-inflation-3124466" target="_blank" rel="nofollow">media</a>. In perhaps the quickest recap I've seen:</p><ul><li> Japan's real wage posted its biggest fall in more than seven years in October on relentless consumer inflation even though nominal pay grew for a tenth month, official data showed on Tuesday.</li></ul><p>The piece goes on with more data, but doesn't draw implications for the BOJ as I did in that post linked above. That is, there is no pivot coming from the BOJ any time soon. Look elsewhere for a Christmas present. </p>

                This article was written by Eamonn Sheridan at forexlive.com.