Japan’s Economic Disaster: Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions
by Tyler Durden
ZeroHedge.com
07/15/2015
With so much attention rightly focused on China at the moment, people aren’t paying enough attention to the budding economic calamity unfolding in Japan. While “Abenomics” has succeeded in boosting the stock market and food prices, it has utterly failed to raise wages. In fact, wages adjusted for inflation have plunged to the lowest since 1990. As such, a record number of households now describe their living conditions as “somewhat hard” or “very hard.”
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