Japan's inflation-adjusted real wages dropped 2.5% in March, marking the 24th consecutive month of falling wages.
Japan's inflation-adjusted real wages dropped 2.5% in March, extending the decline for two consecutive years. This marks the 24th straight month of falling wages, with the rising cost of living outpacing nominal wages. Nominal wages grew 0.6% to 301,193 yen, but consumer price inflation rose 3.1% in March, slowing slightly from 3.3% in February. Economists predict real wages may turn positive in the 2024/25 fiscal year.
May 09, 2024
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