Japan's real wages rise 0.4% in July, up for 2nd straight month

Japan's real wages in July edged up 0.4 percent from a year earlier, rising for the second consecutive month, boosted by pay hikes and summer bonuses, government data showed Thursday.Nominal wages, the average total monthly cash earnings per worker including base and overtime pay, increased 3.6 percent to 403,490 yen ($2,800), up for the 31st straight month, the Ministry of Health, Labor and Welfare said.The rise in real, inflation-adjusted, wages followed a 1.1 percent increase in June, the first gain in 27 months, also boosted by summer bonuses.Special cash earnings, largely reflecting bo…READ FULL ARTICLE