07/07/2025  Japan's May real wages fall the most in nearly two years

Business


Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest economy, government data showed on Monday.

While a labour group report last week showed unionised Japanese workers had their biggest average pay hike in 34 years, the feeble broader wage data spells concerns about Japan's economic recovery amid uncertainties over U.S. trade tariffs.

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