Reported about 8 hours ago
In January, Japan's real wages fell by 1.8% year-on-year despite nominal wages increasing due to rising regular and overtime pay, as inflation hit a two-year high. This decline follows two months of slight gains and occurs just before the annual spring wage negotiations that set salary standards for major firms and influence non-unionized workers. The upcoming negotiations are anticipated to demand significant pay hikes, signaling broader economic challenges.
Source: YAHOO