TOKYO :Japan revised real wages in July to a 0.2 per cent fall from a previously reported growth of 0.5 per cent, a labour ministry release showed on Friday.
With the revision, Japan’s inflation-adjusted real pay has been logging contraction for seven consecutive months, casting doubt on the Bank of Japan’s ability to adjust its ultra-loose monetary policy.
After the revision, July’s nominal wages or total cash earnings rose 3.4 per cent from the same month a year before, down from the preliminary reading of 4.1 per cent gain.
