Japan real wages growth slowest in nearly two years, to chill spending | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
24 September 2017 00:00:00 AM Breaking News

• BUSINESS

Japan real wages growth slowest in nearly two years, to chill spending

Japan’s March real wages fell at the fastest pace in almost two years, pressured by meager nominal pay hikes and a slight rise in consumer prices, posing a setback for Prime Minister Shinzo Abe’s attempts to revitalize the economy.

The wages figures back recent data showing household spending fell more than expected and core consumer prices rose at a slower-than-expected pace in March, suggesting an exit from the central bank’s radical quantitative easing program remains distant.

Inflation-adjusted real wages dropped 0.8 percent in March from a year earlier to mark their biggest rate of decline since June 2015, labor ministry data showed on Tuesday.

In nominal terms, wage earners’ cash earnings fell 0.4 percent year-on-year in March, also notching the biggest rate of decrease since June 2015.

Recommended

Loading...

Related Posts

FG will introduce taxes on tobacco, alcohol – Adeosun

The Federal Government of Nigeria has said it will focus on taxes in 2017 and

Read More

Banks to contribute 5% PAT to boost Agro/SMEs

As part of continued effort in diversifying Nigerian economy into non oil sector

Read More

Quarterly profit data buoy stocks

Earnings report

Read More

Bitcoin prices are rising to all-time highs on the potential for mass-adoption in India and Japan while hope for a bitcoin ETF is revived

Bitcoin is trading around its highest price ever today on the prospect of mass-a

Read More

Google shrugs off hate video boycott as profits surge

Google's parent company Alphabet (Xetra: ABEA.DE - news) shrugged off pressure o

Read More

NEW Level market

INTRODUCING THE NEW LEVEL ONLINE MARKET.Shop360 has hosted its free level market

Read More

Naira steady 410/$1 at parallel market

The Nigerian currency, the naira on Wednesday closed at 410 to a dollar, the sam

Read More

Tech Companies Are Thriving in Austin--the Hard Way

Texas's capital has a reputation for being a difficult environment for startup f

Read More

Diamond Bank wins financial inclusion award at the Lafferty global awards.

Diamond Y’ello is a mobile based banking account developed in collaboration wi

Read More

We have not increased cooking gas price – NLNG

Tony Attah, the Managing Director and Chief Executive Officer, Nigerian Liquefie

Read More

Also Read

IG model puts Drake on blast, says she got pregnant for him and he disappeared..(screenshots)

Last night popular Instagram model and video vixen Layla Lace put rapper Drake o

Read More

Stop Acts of Terrorism by Herdsmen, Northern Christian Elders Urge FG

BLESSING EMMANUEL IN IBADAN The Northern States Christian Elders Forum (NOSCE

Read More

So You Think You Want To Be An Entrepreneur

I believed I could do anything, build anything, do something great. So I did.As

Read More

Iyanya Ruthlessly Rocking Female Fan's b*tt On Stage | PHOTOS + VIDEO

Iyanya Rocks His Female Fans b*tt On Stage During His Album Launch As Tekno, Tiw

Read More

UN seeks urgent action on children starvation

UN seeks urgent action on children starvationAdvertisementThe United Nations Dev

Read More

How 2017 budget delay hinders green bond sale /

Due to the delay in the passage of the 2017 federal budget, the issuance of a gr

Read More

This is why Facebook is running your life according to science and technology

It's official: Facebook makes you unhappyYou spend an hour on Facebook a day.

Read More

LG elections : Lagos State extends restriction of movement

The Lagos State Government has extended the restriction of movement across the S

Read More

Civilian Joint Task Force In Northeast Nigeria Signs Action Plan To End Recruitment Of Children

Abuja – An action plan to end and prevent the recruitment and use of children

Read More

Media Trust gives over N100m relief to insurgency victims

Chief Executive Officer and Editor-In-Chief of Media Trust Ltd, publishers of Da

Read More