Japan’s Wages Decrease 0.4%, First Drop in 10 Months
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Wages in Japan fell for the first time in 10 months, sustaining deflationary pressures in the economy likely overtaken by China as the world’s second largest last year.
Monthly wages including overtime and bonuses decreased 0.4 percent in December from a year earlier to 548,381 yen ($6,687), the Labor Ministry said today in Tokyo.