Japan's real wages fall for 17th straight month as inflation bites

Pay rises, price increases are key to Bank of Japan's next move

20231005 Commuters Tokyo

Commuters walk near Tokyo station on July 27: Inflation-adjusted wages have fallen in Japan for 17 months in a row. (Photo by Nanami Sato) 

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Real wages in Japan dropped for the 17th straight month, the government said Friday, with average earnings declining 2.5% in August from a year earlier.

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