In Japan, real wages fell for the 23rd consecutive month in February.

Enlarge the picture. Real wages in Japan have continued to fall for the 23rd consecutive month. Data from the Japanese Ministry of Health, Labor and Welfare shows that after adjusting for inflation, real wages in February decreased by 1.3% year-on-year, and the real wages in January after being revised decreased by 1.1%.

The consumer inflation rate used by the government to calculate real wages in February was 3.3%, higher than 2.5% in January. But nominal wages rose by 1.8% year-on-year in February, the fastest increase since June last year.

Officials from the Ministry of Health, Labor and Welfare said that they will closely monitor the growth of nominal wages when rising prices are weighing on real wages.

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