Japan wages crash -2.1% YoY. Worst real wage drop in two years. BOJ faces deflationary disaster, hikes off the table

Japan wage shock: Real wages plunge to -2.1% YoY, the worst in two years, and a deflationary disaster for the BOJ which puts a final nail in any hiking plans. If anything, BOJ should restart NIRP and boost QE (but it can't with Bessent watching its every move). pic.twitter.com/kAV3BNcQgR

— zerohedge (@zerohedge) May 9, 2025