FX.co ★ Japan’s Average Cash Earnings Accelerate to 3.0% YoY in January 2026

Japan’s average cash earnings growth picked up in January 2026, with wages rising 3.0% year-over-year, according to the latest data updated on 9 March 2026. This marks an acceleration from the previously reported 2.4% year-over-year increase recorded in August 2025.

The figures are based on year-over-year comparisons, with the current reading reflecting the change in average cash earnings in January 2026 versus January a year earlier. The prior indicator similarly compared August 2025 earnings with those of August in the previous year. The stronger pace of wage growth in January may be closely watched by market participants assessing the momentum of household income and its potential implications for domestic demand and broader economic conditions in Japan.