Japan fiscal 2022 real wages fall most in 8 years as inflation bites

TOKYO  – Japan’s inflation-adjusted real wages fell the most in eight years in the fiscal 2022 year, government data showed on Tuesday, as the rising cost of living overwhelmed workers’ nominal pay, government data showed on Tuesday. The labor ministry data underscored the challenge for Prime Minister Fumio Kishida’s government to kick the world’s third … Continue reading Japan fiscal 2022 real wages fall most in 8 years as inflation bites