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Consumption Seen Dropping as Japan's Workers Eke Out 0.1% Rise

  • Domestic consumption fell in Oct.-Dec. quarter of 2015
  • Government and BOJ have called for companies to increase pay
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Japan Wage Growth Stagnates

Japan’s workers barely got a pay rise in 2015, with a 0.1 percent increase in cash earnings slower than the 0.4 percent bump in 2014.

Total wages in Japan haven’t risen more than 1 percent in any year since 1997 and they fell for the past four years once inflation is accounted for, the labor ministry said on Monday in Tokyo.