Japan real wages back down again after bump from summer bonuses

From channelnewsasia.com

Japan's inflation-adjusted wages fell in August after two months of increase during the summer bonus season, government data showed on Tuesday, knocking chances of the central bank raising interest rates any time soon. Real wages in the world's fourth-largest economy fell 0.6 per cent in August from the same month a year earlier, according to the Ministry of Health, Labour and Welfare. That came after a revised 0.3 per cent rise in July. Real wages had turned up in June for the first time in more than two years as companies bumped up summertime bonuses, though the labour ministry had said the contribution of such ... (full story)