16:16 - 7.03.2023

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March 7, Fineko/abc.az. The real wages in Japan showed the fastest decline in almost 9 years, ABC.AZ reports, referring to Bloomberg.

According to the Ministry of Labor of Japan, real wages adjusted for inflation in January decreased by 4.1% compared with 2022.

This is the biggest decline since May 2014. Analysts believe that real wages adjusted for inflation have declined. In January, total cash income or nominal wages grew by 0.8% compared with the same period of 2022.