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Japanese real wages decline in August for a 17th month
Japan's real wages in August declined for a 17th month, government data showed on Friday, as persistent price hikes continued to outpace salary growth. Global financial markets closely follow wage trends in the world's third-largest economy as the Bank of Japan emphasises sustainable wage rises as a prerequisite for deciding whether and how to dismantle its ultra-loose monetary stimulus. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell in August by 2.5 per cent from a year earlier following a revised 2.7 per cent drop in the month before, data from the Ministry of Health, Labour and ... (full story)