Japan's real wages down for 24th straight month

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Japan's real wages down for 24th straight month

STORY: Japan's real wages down for 24th straight month SHOOTING TIME: May 4, 2024 DATELINE: May 10, 2024 LENGTH: 00:01:35 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 2.5 percent from the same month last year, larger than the 1.8 percent fall in February, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 0.6 percent from a year ago to reach 301,193 yen (about 1,932.5 U.S. dollars). Regular pay including basic salary in March went up 1.7 percent year on year, while overtime pay, a gauge of business activity, went down 1.5 percent. Special payment including bonuses f

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