Japan real wages log 1st rise in 27 months on higher summer bonus

Japan's real wages in June rose 1.1 percent from a year earlier to mark the first gain in 27 months and outpace inflation, boosted by an increase in summer bonuses, government data showed Tuesday.Nominal wages, or the average total monthly cash earnings per worker, including base and overtime pay, grew 4.5 percent to 498,884 yen ($3,440), up for the 30th consecutive month, according to the Ministry of Health, Labor and Welfare. That compares with a 3.3 percent rise in consumer prices in the same month.Japan's longest-ever decline in real wages, beginning in April 2022, came to a stop as spe…READ FULL ARTICLE