TOKYO: Japan's real wages extended their slide to a fourth straight month in July, government data showed on Tuesday (Sep 6), as the biggest jump in consumer prices in more than seven years outpaced a much more modest gain in nominal wages. A lack of sustainable wage growth is increasingly becoming a thorn
TOKYO: Japan's real wages extended their slide to a fourth straight month in July, government data showed on Tuesday , as the biggest jump in consumer prices in more than seven years outpaced a much more modest gain in nominal wages.
Inflation-adjusted real wages, a barometer of households' purchasing power, slumped 1.3 per cent in July from a year earlier, labour ministry data showed, weighed by rising prices. That outpaced nominal total cash earnings, which rose 1.8 per cent in July, down from the previous month's downwardly revised 2.0 per cent gain, the data showed.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM Kishida says government panel on inflation and wages to meet on FridayTOKYO: A Japanese government panel tasked with tackling rising prices and wage issues will meet on Friday and consider additional policy measures that should be taken, Prime Minister Fumio Kishida said on Sunday (Sep 4). Speaking to reporters in northern Japan's Niigata prefecture, Kishida said the governm
Read more »
Japan PM says govt panel on inflation and wages to meet on FridayMr Kishida has made addressing the rising cost of living a top priority. Read more at straitstimes.com.
Read more »
Travel firms see surge in inquiries for Japan after restrictions are easedTravel agencies here are seeing up to a 50 per cent surge in customer inquiries after Japan eased restrictions for tourists, with higher demand for vacations there expected in coming months. This comes after Japanese Prime Minister Fumio Kishida announced on Wednesday that...
Read more »
7 'Japanese' Foods No One Eats in JapanWhen you think of Japanese food, what do you normally think of? Maybe sushi and a clear broth soup, or how about sitting at a large table with people you don't know with a chef that cooks your meal in front of you? Like many other foods from around the world, America has changed and tweaked dishes that are traditionally Japanese to make them fit the American palate and lifestyle.'Most often a set meal that combines white rice, miso soup, and main ingredients uniquely called side dishes are eaten
Read more »
Japan's household spending extends growth but inflation risks loomTOKYO : Japan's household spending extended growth in July for a second straight month despite a resurgence in COVID-19 cases, but inflationary pressures from the yen's slump to a 24-year-low have cast doubt over the pace of consumption.From falling real wages to shrinking service sector activity, data th
Read more »