US EditionJapan July real wages turn positive for first time in 7 months
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7 Articles
Japan's real wages turn positive for first time in eight months to0.5%
Japan's nominal wages jumped 4.1% year-over-year in July, beating expectations and marking the fastest growth in seven months. After months of decline, real wages—a measure of purchasing power—grew by 0.5%, the first positive reading since last December.
Channel News Asia
CNBCJapan July real wages turn positive for first time in 7 months
TOKYO :Japanese real wages turned positive for the first time in seven months on the back of hefty summertime bonuses, but elevated inflation added to pressure on consumption, data showed on Friday. Inflation-adjusted real wages, a key determinant of households' purchasing power, edged up 0.5 per cent in
However, investors did not change their expectations of monetary policy for the fall, and they remain more concerned about the possible overthrow of Shigeru Ishiba in the Liberal Democratic Party.
In the nominal division they increased by 4.1 per cent in July compared to the previous year, accelerating from a revised increase of 3.1 per cent in June
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