TOKYO -- Consumer prices grew faster in Japan than in the U.S. for the first time in nearly eight years last month, but slower gains in pay remain an obstacle to the Japanese government's goal of beating deflation.
Inflation
Japan overtakes U.S. in inflation, but wage growth lags
Service-sector pay raises are key to Tokyo's goal of a virtuous cycle
Goods remain the main driver of inflation in Japan as companies pass on higher materials and energy costs to consumers. (Photo by Makoto Okada)
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