• Kyodo

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Japan’s average monthly real wage plunged 3.0 percent in fiscal 2014, marking the largest fall on record and the fourth year of decline, as last year’s consumption tax hike took its toll, the labor ministry said Tuesday.

However, in nominal terms the average monthly wage rose for year, the first time that has happened in four years, the ministry said. The nominal wage includes bonuses, and hit ¥315,984 in the year that ended March 31.

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