Japan's declining real wages upend Prime Minister Takaichi's 'Abenomics' as inflation shrinks wallets

Inflatie

Just weeks into her office, Japan's Prime Minister Sanae Takaichi faces an early challenge in the form of declining real wages that threaten her 'Abenomics' approach to economics. Real wages fell for a ninth consecutive month in September, labor ministry data released Thursday showed. On an annual basis, they have not risen since 2021, underscoring the strain on household purchasing power. To be sure, nominal wages are climbing, but inflation has eroded real incomes. September data showed that

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