• SHARE

Japanese workers’ wages continue to increase at a slower pace than inflation, suggesting households hit by price gains will be more reluctant to spend going ahead.

Cash earnings added 1% from a year ago in May, the labor ministry reported Tuesday. Economists had predicted a 1.5% increase. Real wages adjusted for inflation fell 1.8%, declining the most since the early months of the pandemic.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)