Sources: Japan Govt underestimated wage data, seeks additional budget spending - Reuters

Dhwani Mehta FXStreet

Reuters quoted the Japanese government sources on Thursday, as saying that Japanese workers’ monthly wages were underestimated by 0.6% on average in the 2012-2018 period due to a faulty polling method that came to light recently.

The sources added: “The government is set to revise its budget draft for the next fiscal year starting April 1 by adding 650 million yen ($5.96 million) in spending to make up for a shortfall of employment insurance benefits caused by the wages data errors.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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