Japan Salaries Extend Longest Fall Since ’10 in Threat to Abe
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Japan salaries extended the longest slide since 2010 in July, raising the stakes for Prime Minister Shinzo Abe’s decision on whether to increase a sales tax.
Regular wages excluding overtime and bonuses dropped 0.4 percent from a year earlier, marking a 14th straight month of decline, according to data released today by the Ministry of Health, Labour and Welfare. Bonus payments rose 2.1 percent, helping to lift total cash earnings 0.4 percent.