Japan's real wages decline for record-tying 23rd month in Feb.

Japan's real wages declined for the 23rd consecutive month in February, matching the longest period of downturn on record, as salary increases failed to keep pace with inflation, according to government data released Monday.With the 1.3 percent drop in February, the country tied its longest decline in real wages since comparable data became available in 1991. The last such losing streak was from September 2007 to July 2009 during the global financial crisis sparked by the failure of U.S. securities firm Lehman Brothers Holdings Inc.Real wage growth, crucial for overcoming Japan's deflationa…READ FULL ARTICLE