2023-06-11 01:31
Japan wages rise after labour talks but weak consumption drags on economy
TOKYO Japan's wages rose in April, as major companies lifted pay at the fastest pace in three decades on workers' increased demands for salaries to keep up with inflation, but households' spending remained weak and underlined a patchy economic recovery. The April wage data provides an early glimpse of the effects of the spring labour negotiations, or "shunto", and comes as Bank of Japan Governor Kazuo Ueda has said an end to easy policy would depend on the economy achieving sustainable 2% inflation along with wage hikes.
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