Japan’s average monthly wages in inflation-adjusted terms logged the 17th straight month of decline in August as price increases continued to outpace nominal earnings growth, official data showed on Friday.
Inflation-adjusted real wages, a barometer of consumer purchasing power, fell by 2.5 percent from a year earlier in August, according to the Ministry of Health, Labor and Welfare.
Nominal monthly earnings, including base pay and overtime, rose 1.1 percent from a year ago to reach 282,700 yen (about 1,900 U.S. dollars), which failed to keep up with soaring consumer prices despite an increase for the 20th straight month.—Xinhua
