Japan's inflation-adjusted real wages rose in July from a year earlier, up for the first time in 27 months, and nominal wages bounced from the prior month's drop, government data showed on Friday, in a sign of gradual pick-up in pay. Real wages rose an annual 0.3 percent in July, the first increase since April 2013. The data should be welcome news for policymakers struggling to sustain a virtuous cycle of rising corporate profits leading to a boost in household spending through higher wages. Total cash earnings rose 0.6 percent in the year to July to 367,551 yen ($3,055), after plunging in June, which the labor ... (full story)