Japan's real wages fell 0.2 percent from a year earlier in 2024, marking the third consecutive year of decline, as pay hikes that grew at the fastest pace in 33 years failed to keep pace with rising prices, government data showed Wednesday.Nominal wages, or the average total monthly earnings per worker including base and overtime pay, increased 2.9 percent to 348,182 yen ($2,300) last year, expanding for the fourth straight year, the Ministry of Health, Labor and Welfare said.But consumer prices outpaced wage growth with a 3.2 percent rise in the reporting year, although the pace decelerate…READ FULL ARTICLE
