Real wages in Japan adjusted for inflation slipped for a sixth straight month in...
TOKYO - Real wages in Japan adjusted for inflation slipped for a sixth straight month in June, raising a red flag for the strength of domestic consumption ahead of a planned sales tax hike in October.
Real wages dropped 0.5% in June from a year earlier, labor ministry data showed on Tuesday, after a downwardly revised 1.3% annual decline in May. Regular pay, which accounts for the bulk of monthly wages, also rose for the first time since December, edging up 0.1%. Overtime pay was 0.2% lower in June from a year earlier, falling again after growing a revised 0.9% in May.
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