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flag Japanese wages saw their biggest jump in seven months, sparking optimism on interest rate hikes.

flag Japanese workers saw their wages jump 4.1% in July, the biggest gain in seven months, with real wages increasing 0.5% for the first time since December. flag This positive trend in wages, combined with a 1.4% rise in household spending, is fueling optimism that the Bank of Japan may consider raising interest rates soon. flag However, high inflation remains a challenge, complicating the decision on when to hike rates.

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