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MNI BRIEF: Japan August Real Wages Turn Negative

MNI (TOKYO) - Inflation-adjusted real wages, a barometer of household purchasing power, turned negative in August for the first time in three months, down 0.6% compared to July's 0.3% growth and June's 1.1% rise, preliminary data released by the Ministry of Health, Labour and Welfare on Tuesday showed.

Weak bonuses (+2.7% in Aug), compared to June and July's strong reads, drove the fall, the data showed. 

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MNI (TOKYO) - Inflation-adjusted real wages, a barometer of household purchasing power, turned negative in August for the first time in three months, down 0.6% compared to July's 0.3% growth and June's 1.1% rise, preliminary data released by the Ministry of Health, Labour and Welfare on Tuesday showed.

Weak bonuses (+2.7% in Aug), compared to June and July's strong reads, drove the fall, the data showed. 

Keep reading...Show less