Japan's real wages, consumer spending climb but inflation challenges persist
Bogdan Hofbauer
TOKYO :Japanese real wages turned positive for the first time in seven months in July on the back of hefty summertime bonuses, while consumer spending rose for the third straight month, data showed on Friday. Although the July headline figures were upbeat, government officials and analysts said elevated inflation put pressure on consumption, complicating the Bank of Japan's (BOJ) decision on how soon to resume interest rate hikes. Inflation-adjusted real wages, a key determinant of households'
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