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Japan's real wages fell for the 10th straight month in October, hit by inflation outpacing wage growth.
Japan's real wages fell for the 10th straight month in October, dropping 0.7% year-on-year as inflation at 3.4% outpaced nominal wage growth of 2.6%, the 46th consecutive month of increase.
While nominal wages hit a three-month high, driven by regular pay, overtime, and bonuses, inflation—led by food costs—continued to erode purchasing power.
The slowdown in real wage decline suggests some easing, but economic weakness persists, with third-quarter GDP revised down to a -2.3% annualized rate.
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Los salarios reales de Japón cayeron por décimo mes consecutivo en octubre, golpeados por la inflación que superó el crecimiento salarial.