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MNI BRIEF: Japan Dec Negative Real Wage Narrows

(MNI) Tokyo
(MNI) TOKYO

The year-on-year drop of inflation-adjusted real wages, a barometer of households' purchasing power, narrowed to 1.9% in December from a 2.5% fall in November, preliminary data released by the Ministry of Health, Labour and Welfare on Tuesday showed

However, December’s data showed that real wages stayed in negative territory for the 21st straight month, impeding household spending which has been hit by high prices.

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The year-on-year drop of inflation-adjusted real wages, a barometer of households' purchasing power, narrowed to 1.9% in December from a 2.5% fall in November, preliminary data released by the Ministry of Health, Labour and Welfare on Tuesday showed

However, December’s data showed that real wages stayed in negative territory for the 21st straight month, impeding household spending which has been hit by high prices.

Keep reading...Show less