Japan's Ministry of Health, Labour and Welfare released its labour cash earnings data on Friday. Labour cash earnings in Japan rose 0.4% year-on-year in January, exceeding expectations for a 0.2% increase, after a 0.2% decline in December. December's figure was revised down from a 0.1% gain.

Contractual earnings were flat year-on-year in January, while special cash earnings gained 0.1%.

Total real wages climbed 0.4% in January, after a 0.2% drop in December.