TOKYO : Japanese workers' real wages fell in February for a 23rd consecutive month, data showed on Monday, suggesting higher prices kept up pressure on consumers' spending appetite.
TOKYO : Japanese workers' real wages fell in February for a 23rd consecutive month, data showed on Monday, suggesting higher prices kept up pressure on consumers' spending appetite.
The consumer inflation rate the government uses to calculate real wages, which includes fresh food prices but excludes rent or equivalent, grew 3.3 per cent, accelerating from 2.5 per cent in January. Japanese firms agreed to raise wages 5.24 per cent this year, the biggest increase in 33 years, a survey by the nation's largest union group Rengo showed last week.
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