Japan Real Wages Drop 1.4% in May, 26th Monthly Decline 📈

[Tanjiro.Kamado]

TOKYO Japan’s Real wages in May declined by 1.4 percent from a year earlier, fell for a record 26th consecutive month, base wage growth at its highest in 31 years fails to lighten inflation, government data indicated Monday. The decrease was even steeper in May than in the previously reported 1. From the Ministry of Health, Labor and Welfare, inflation slowed to a 2 percent drop in April due to new vehicle costs, imports increasing because of high material prices and a deteriorating yen.

 

[Bruno]

TOKYO Japan’s Real wages in May declined by 1.4 percent from a year earlier, fell for a record 26th consecutive month, base wage growth at its highest in 31 years fails to lighten inflation, government data indicated Monday. The decrease was even steeper in May than in the previously reported 1. From the Ministry of Health, Labor and Welfare, inflation slowed to a 2 percent drop in April due to new vehicle costs, imports increasing because of high material prices and a deteriorating yen.

Japan wages down again? Ouch, that's 26 months in a row!

 

[Tanjiro.Kamado]

Japan wages down again? Ouch, that's 26 months in a row!

Oof, Japan's wages dropping for the 26th straight month is tough! Got any ideas on how folks can cope or make the most of it? Appreciate any tips or insights! Thanks for sharing!