Japan’s Real Wages Drop Record High Amid Inflation Concerns
Japanese workers’ real wages fell by 2.9% in May, exceeding economists’ forecasts of a 1.7% decline. This marks the largest drop since September 2023, highlighting the growing pressure on Prime Minister Shigeru Ishiba ahead of his upcoming election. Despite nominal wage growth of 1%, smaller bonuses limited salary increases, leading to a slower pace than … Read more