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Japan real wages fall for 2nd straight year amid rising inflation

Japan's real wages dropped 2.5 percent in 2023 for the second straight year of decline, as salary increases failed to keep up with inflation, while household spending fell for the first time in three years, government data show.

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Xinhua world economic news summary at 0830 GMT, Jan. 9

Xinhua world economic news summary at 0830 GMT, Jan. 9
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Japan August Household spending -2.5% y/y

Japan August Household spending -2.5% y/y
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Japan household spending falls 2.5% in August on rising prices

Japan's household spending in August fell 2.5 percent from a year earlier, declining for the sixth consecutive month, government data shows.

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1st LD Writethru: Japan's household spending drops for 2nd straight month in April, education outlays plummet-Xinhua

1st LD Writethru: Japan s household spending drops for 2nd straight month in April, education outlays plummet-

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