The Abenomics Devastation: Japanese Real Wages Decline For Record 16 Consecutive Months

by Tyler Durden
ZeroHedge.com
12/02/2014

Those seeking proof that Abenomics is working are advised to look elsewhere.

Overnight Japan released its latest, October, wage data, which showed that total cash wages rose 0.5% yoy, slightly slowing from the 0.7% growth recorded in September. As the chart below shows, Nominal wages have been slowing down from the peak in July when the figure was boosted to +2.4% on summer bonus payments. Overtime pay grew +0.4% yoy (September: +1.9%), slowing from the peak recorded in April (+6.0%) on a slowdown in economic activities. The figure contributed to overall wages by only +0.03 pp.

The Rest…HERE

This entry was posted on Tuesday, December 2nd, 2014 at 12:19 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.