TOKYO : Japan's real wages fell in February for an eleventh month, labour ministry data showed on Friday, although the rate of the decrease slowed thanks to government energy subsidies aimed at curbing consumer inflation.While major Japanese firms concluded annual labour talks with the largest pay rises i
TOKYO : Japan's real wages fell in February for an eleventh month, labour ministry data showed on Friday, although the rate of the decrease slowed thanks to government energy subsidies aimed at curbing consumer inflation.
Inflation-adjusted real wages, a gauge of households' purchasing power, dropped by 2.6 per cent in February from a year earlier, following a 4.1 per cent fall in January that marked the fastest decline in nearly nine years. Yet the nominal pay growth fell short of the 3.9 per cent consumer inflation rate used to calculate pay in real terms, which includes fresh food but excludes owners' equivalent rent, although the pace of inflation cooled from 5.1 per cent in January, due to the effect of government subsidies to curb utility bills.
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