Jobs
Japan Real Wages Extend Fall in Challenge for Next BOJ Chief
- BOJ has said solid wage growth needs to accompany inflation
- Ueda takes over from Kuroda this weekend as BOJ Governor
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Japanese workers’ real wages fell for the 11th straight month despite a government push for higher pay, highlighting the challenge awaiting incoming Bank of Japan Governor Kazuo Ueda.
Real cash earnings for Japan’s workers dropped 2.6% from a year earlier in February, matching economists’ forecast, the labor ministry reported Friday. The data is watched closely because many expect stronger pay to prompt the BOJ, under its new chief, to consider ending its ultra-easy policy.