TOKYO – Japan’s inflation-adjusted real wages fell the most in eight years in the fiscal 2022 year, government data showed on Tuesday, as the rising cost of living overwhelmed workers’ nominal pay, government data showed on Tuesday.

The labor ministry data underscored the challenge for Prime Minister Fumio Kishida’s government to kick the world’s third largest economy into higher gear through a virtuous cycle of inflation and wage growth.

Source: https://business.inquirer.net