Japanese workers’ real wages rose for an eighth straight month, the longest streak of gains in almost a decade, as Prime Minister Sanae Takaichi’s inflation-relief measures helped bolster households’ purchasing power. Real cash earnings — adjusted for inflation, excluding rents — climbed 1.5% in August from a year earlier, the labor ministry reported Wednesday, matching the median economist forecast. The ministry said that the increase was underpinned by steady growth in base salaries, which rose 3.8%.
Nominal wages also increased 3.8%, staying above 3% for a seventh month, the longest such run since 1992. A more stable gauge that strips out bonuses, overtime and sampling distortions rose 2.8% for full-time workers.
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