Japanese real wages increased for the first time in nine months thanks to robust temporary bonuses, but there is uncertainty about whether pay hikes will continue to sustain Japan's economic recovery.
In December household spending fell for a second month, as rising prices offset otherwise robust private consumption fueled by the country s reopening from the COVID-19 epidemic, according to separate data.
Real wages would have fallen again in January. Takeshi Minami, chief economist at Norinchukin Research Institute, said that rising prices have curbed shopping activities since November, and the overall consumption remains lukewarm.
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