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

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.”

NZ: CPI likely to rise by 0.1% in December quarter – Westpac

Michael Gordon, senior economist at Westpac, expects a 0.1% rise in the New Zealand’s Consumer Price Index (CPI) for the December quarter, with annual
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EUR/USD: More pain ahead as risk reversals slide

The EUR/USD pair could be in for a deeper drop toward 1.13 as the risk reversals have hit one-month lows. As of writing, the pair is trading at 1.138
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