Japan's real wages stabilized in October, but rising prices and falling spending hint at economic challenges.

Japan's real wages stabilized in October, marking a pause in the decline seen in August and September. Despite a 2.6% increase in total monthly wages and a record 2.8% rise in base salaries for full-time workers, the surge in prices continues to challenge consumer purchasing power. The data supports speculation of a potential interest rate hike by the Bank of Japan, but household spending still fell by 1.3% in October.

4 months ago
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