Japan’s nominal wages rises 2.8% yoy in Jan, real wages fall -1.8% yoy

Japan’s labor cash earnings rose 2.8% yoy in January, falling short of market expectations of 3.2% yoy. Nominal wage growth remained positive for the 37th month. Real wages, adjusted for inflation, fell -1.8% yoy, reversing two months of slight gains. The decline was largely driven by a sharp rise in consumer inflation. The inflation rate […]

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