TOKYO -- Inflation has receded at the global level, but Japan remains the only major economy where income has failed to rise in real terms, official data shows.
Real pay shrinks in Japan amid gains in U.S., U.K. and Germany

A part-time worker at a supermarket in Japan. Wages in the country have not gone up as much as inflation. (Photo by Tsuyoshi Tamehiro)
TOKYO -- Inflation has receded at the global level, but Japan remains the only major economy where income has failed to rise in real terms, official data shows.