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Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese economy.
The wages figures actually support recent data demonstrating that household spending dived more than expected, while in March core consumer prices ascended at a slower-than-expected pace, suggesting an exit from the major bank's radical quantitative easing program is still distant.
In March, inflation-adjusted real wages went down 0.8% from a year earlier to mark their greatest rate of drop since June 2015, as labor ministry data disclosed on Tuesday.
In nominal terms, in March wage earners' cash earnings went down 0.4% year-on-year, also notching the greatest rate of decline since June 2015.
The data actually underscores the fragile also and patchy nature of Japan's economic revival.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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