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MNI BRIEF: Japan October Real Wages Fall, 19th Straight Drop

(MNI) Tokyo
(MNI) TOKYO

The y/y drop of inflation-adjusted real wages, a barometer of households' purchasing power, narrowed to 2.3% in October from a 2.9% fall in September, the 19th straight monthly fall, data released by the Ministry of Health, Labour and Welfare showed on Friday.

Total cash earnings, or nominal wages, posted a 1.5% y/y rise in October, accelerating from September's 0.6%.

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The y/y drop of inflation-adjusted real wages, a barometer of households' purchasing power, narrowed to 2.3% in October from a 2.9% fall in September, the 19th straight monthly fall, data released by the Ministry of Health, Labour and Welfare showed on Friday.

Total cash earnings, or nominal wages, posted a 1.5% y/y rise in October, accelerating from September's 0.6%.

Keep reading...Show less