Japan ' s real wages fall for 23rd straight month, dampening Bank of Japan ' s hopes for ' virtuous cycle '

Real wages in Japan fell for a 23rd straight month, suggesting that high inflation is still biting into consumer spending power in the country. Labor ministry data released Monday showed that real wages fell 1.3% in February from a year ago, accelerating from a revised 1.1% drop in January.…#laborministry #bankofjapan
Source: Reuters: Health - Category: Consumer Health News Source Type: news