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Japan's Real Wages Rise 1.4% in May, Fifth Consecutive Month of Growth but Slowing

2026-07-06 23:38:59

According to data released by Japan's government on July 7, Japan's real wages in May increased 1.4% year-over-year, marking the fifth consecutive month of growth but showing a slowdown due to accelerating consumer inflation. Nominal wages (cash income) rose 3.2% to 311,165 yen (approximately $1,917.69), down from a revised 3.6% increase in April. The moderation reflects renewed upward pressure on consumer prices.

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Japan's Largest Labor Union Reports Average Wage Growth of 5.01%, Down from 5.25% Year-over-Year

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