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Japan's actual wages endure largest drop since 2015

TOKYO, Dec. 6 (Xinhua) — Japan’s inflation-adjusted actual wages in October fell 2.6 p.c from a yr earlier than, the most important drop since June 2015, the labor ministry mentioned Tuesday in a preliminary report.

Preliminary figures confirmed that the index dropped for the seventh straight month as increased shopper costs, together with vitality payments and meals prices, outpaced will increase in nominal wages.

Total nominal wages per employee in October rose 1.8 p.c from a yr earlier to 275,888 yen, or about 2,000 U.S. {dollars}, on common, up for the tenth consecutive month, in accordance with the report.

To fight rising inflation, the Japanese authorities permitted in October a 39-trillion-yen (286-billion-U.S. dollar) complete financial bundle, which was backed by an additional price range of 29.1 trillion yen (213.4 billion U.S. {dollars}).

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