凯投宏观：日本工资增长进一步巩固日本央行加息理由

环球市场播报06-05 08:32

　　凯投宏观表示，工资持续强劲增长为日本央行本月恢复紧缩政策开了绿灯。初步估计数据显示，4月份劳动者现金收入增长加速。经济学家Abhijit Surya表示，这一加速反映了奖金和加班费的增加，但常规收入增长保持在三十多年来的最强劲水平。诚然，日本央行强调的一项替代性指标显示基本工资增速略有放缓，但该增速明显强于去年的平均水平。在失业率处于低位且企业报告劳动力短缺的背景下，工资压力可能保持在高位。而且正如植田和男所说，这些短缺应会支持工资和物价“在相互作用中温和上涨“。在凯投宏观看来，本月加息25个基点几乎是板上钉钉的事。

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