Thu, 31 Jul 2014 09:20:14 GMT
Japan wages increase less than projected
Japan's
wage growth decelerated in June, underlining the risk to consumer
expenditure as inflation compresses household budgets in the
country's economy. Average total monthly earnings grew 0.4% from last
year as compared to a 0.6% gain in May, whereas the wages jumped 0.3%
excluding bonuses and overtime. Japan's Prime Minister Shinzo Abe
says wages have to grow quicker than inflation to boost the economic
recovery.