Japan's real wages fall in June for 15th month under inflation

Japan's real wages in June fell 1.6 percent from a year earlier, declining for the 15th straight month, as salary increases failed to keep up with accelerating inflation, government data showed Tuesday.The drop in inflation-adjusted wages reflected higher food, energy and other prices on the back of Russia's war in Ukraine, offsetting the impact of the sharpest growth in 30 years at this year's pay negotiations.Nominal wages, the average total cash earnings per worker, including base and overtime pay, rose 2.3 percent to 462,040 yen ($3,200), increasing for the 18th consecutive month, accor…READ FULL ARTICLE