Japan’s real wages slide 2.5% in March

Japan’s real wages, adjusted for inflation, fell 2.5 per cent in March compared to the same month last year, according to labour ministry data released on Thursday, Reuters reported on Thursday.

This marks the second consecutive year of decline, highlighting the challenges policymakers face in stimulating the economy.

The drop in real wages comes despite some positive signs. Nominal wages, or the average total cash earnings per worker, actually grew by 0.6 per cent.

However, this increase was outpaced by rising consumer prices, which climbed 3.1 per cent year-on-year in March. This inflation rate remains above the Bank of Japan’s (BOJ) target of two per cent