Japan Labor Cash Earnings Rise In April

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Total cash earnings of employees in Japanese establishments with five or more employees climbed 1.5% year-on-year to JPY 275,985 in April, the Ministry of Health, Labor and Welfare reported on Monday. Contractual cash earnings rose 0.4% annually in April. Scheduled earnings were down 0.4% while non-scheduled earnings were up 11.3%. Special cash earnings surged 50%.

In establishments with thirty or more employees, labor cash earnings increased 2.6% annually to JPY 306,922 in April. (Provided by RTTNews).

Australia Leading Index Rises In March

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Australia's leading economic indicator climbed 0.3% in March compared to February, the Conference Board said on Thursday. The index rose to 115.1 from 114.7. This follows a 0.1% decrease in the previous month.

Six of the seven components in the leading index increased in March. Positive contributions came from money supply, yield spread, share prices, sales-to-inventories ratio, rural goods exports, and gross operating surplus. Building approvals declined during the month.

Meanwhile, the coincident index rose 0.1% month-on-month in March, reversing the 0.1% decrease in the prior month. The index rose to 114.8 from 114.7. (Provided by RTTNews)