Tokyo - Saba:
Data released by the Japanese Ministry of Health, Labor and Social Security on Monday indicated that real wages in Japan declined in May at the sharpest rate in 20 months.
The ministry reported that real wages, adjusted for inflation, fell by 2.9% year-on-year in May, following a 2% decline in April. The decline reached its highest level since September 2023.
Based on analysts' expectations of a 4.2% increase in cash income in May, the annual employment growth rate fell to 2% in April, and then to 1% in May.
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