RSS Japan’s nominal wages growth hits multi-decade high, but real gains remain elusive

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 RSS Japan’s nominal wages growth hits multi-decade high, but real gains remain elusive

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Japan’s labor market data for October showed nominal wages, or labor cash earnings, rose 2.6% yoy, in line with expectations. Regular pay, or base salary, grew 2.7% yoy, marking the fastest increase since November 1992. Full-time workers saw an even sharper wage rise at 2.8% yoy, the highest increase since comparable records began in 1994. […]

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