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Japan Dec real wages post first rise in 9 months on 26-year-high nominal growth
Japan's real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses. The market closely watches wage trends in the world's third largest economy as high pay growth to counter price increases is seen as a crucial condition for the Bank of Japan to scale back its ultra-loose monetary easing. Inflation-adjusted real wages, a gauge of households' purchasing power, gained 0.1 per cent in December from a year earlier to mark the first rise in nine months, the labour ministry data showed. Total cash earnings, or ... (full story)