Japan's real wages in November fall 2.8% on year, down for 11th month

Japan's real wages in November fell 2.8 percent from a year earlier, marking the 11th consecutive month of decline and the sharpest drop since last January, as pay growth continued to lag behind rising prices, government data showed Thursday.Inflation-adjusted wages dropped as a 3.3 percent rise in consumer prices more than offset a 0.5 percent increase in nominal wages to 310,202 yen ($1,980), the Ministry of Health, Labor and Welfare said.Food and energy prices have remained elevated, keeping real wages -- a key gauge of consumer purchasing power -- in negative territory for nearly a year…READ FULL ARTICLE