Gelonghui on November 7th | Sony's financial conglomerate economist Takayuki Miyashiro stated that Japan's latest monthly wage data confirms the market's expectations of a rate hike by the Bank of Japan in December. The data shows that after a 2.4% increase in scheduled cash income excluding bonuses and overtime pay in August, it continued to grow by 2.6% year-on-year in September. Miyashiro Takayuki said: "As wage trends align with the Bank of Japan's forecasts, this result could be a factor driving further rate hikes in December." The next Bank of Japan policy meeting is scheduled for December 18-19.