Japan April inflation adjusted wages -1.8% y/y, down for a fourth month ...Middle East

-1.8% y/y,

from -1.8% also in March and -1.5% in February

Overtime pay +0.8%

Total average cash earnings, or nominal pay, +2.3%

from +2.3% also in March

Inflation-adjusted real wages are a key determinant of households' purchasing power. The prolonged decline will troubl;e Bank of Japan rate hike desires.

This article was written by Eamonn Sheridan at www.forexlive.com.

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