Japan’s real wages fall at fastest pace in nine years – data ...News

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Japan’s real wages fall at fastest pace in nine years – data
Incomes are failing to keep up with inflation despite government’s efforts to secure stable growth Real wages in Japan last month slumped the most since 2014 as inflation outpaces growth in incomes in the country, its labor ministry reported on Tuesday. Earnings fell 4.1% year-on-year in January, marking a decline for a tenth consecutive month and undermining the government’s attempts to reach a goal of 2% inflation accompanied by strong wage growth. In December, nominal wages in Japan saw their highest jump in nearly 25 years, largely pushed by winter bonuses. But the temporary uptick was followed by the worse-th

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