The Zhitong Finance App learned that Japan's nominal wage growth slowed more than expected in March, which provided support for the Bank of Japan to be cautious about raising interest rates at a time when domestic and foreign economic risks continue. According to data released by Japan's Ministry of Health, Labor, and Welfare on Friday, nominal cash income increased 2.1% year on year in March, the growth rate was lower than the 2.7% revised growth rate in February, and lower than the median forecast of 2.5% by economists; actual salary income in March fell 2.1% year on year, further expanding from the 1.2% decline in February, indicating a continued decline in consumer purchasing power.

The Zhitong Finance App learned that Japan's nominal wage growth slowed more than expected in March, which provided support for the Bank of Japan to be cautious about raising interest rates at a time when domestic and foreign economic risks continue. According to data released by Japan's Ministry of Health, Labor, and Welfare on Friday, nominal cash income increased 2.1% year on year in March, the growth rate was lower than the 2.7% revised growth rate in February, and lower than the median forecast of 2.5% by economists; actual salary income in March fell 2.1% year on year, further expanding from the 1.2% decline in February, indicating a continued decline in consumer purchasing power.