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Japan October price-adjusted wages mark first rise since December 2016
Japanese wages rose 0.2 percent in October from a year earlier after adjustment for inflation, the labor ministry said on Friday, marking their first rise since December 2016 in a sign a tight job market may finally be leading to higher salaries. The data will be welcome news for the government, which has been urging companies to spend their massive cash reserves on wage increases to help spur consumer spending. The Bank of Japan has been asserting that the tightest job market in four decades will push up incomes and eventually help consumer inflation reach its target rate of 2 percent. Wage earners’ nominal cash ... (full story)