Japan real wages fall in March, marking 2 years of decline

TOKYO - Japan's inflation-adjusted real wages in March fell 2.5% from a year earlier, marking declines for two straight years, labour ministry data showed on Thursday.

Some economists say they expect real wages to turn positive at some point in the 2024/25 fiscal year. On the other hand, consumer prices in March rose 3.1% from a year earlier, slowing slightly from 3.3% in February, hovering higher above the Bank of Japan's 2% inflation target and price gains.

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