Average cash earnings in Japan edged higher for the second consecutive month in July, data from the cabinet ministry showed on Monday. Gross cash earnings grew at a pace of 1.40% in July on a yearly basis, beating estimates of a 0.40% increase. Contractual earnings were seen rising 0.30% on the year after staying flat in June. In a separate report, Japan's services sector activity deteriorated in August. The services PMI fell to 49.6, down from July's 50.40 and indicating contraction in the sector.
RBA Leaves Interest Rates Unchanged
Daily Analysis - 06/09/2016