Japan’s Real Wages Drop Sharply Amid Rising Inflation
Japan’s real wages fell by 4.1% in January, marking the steepest decline in nearly nine years as four-decade-high inflation eroded consumer purchasing power, according to official data released Tuesday. This drop in inflation-adjusted wages, the largest since May 2014, reflects the impact of high consumer prices on households and poses a challenge for policymakers trying […]
Japan’s PM Calls for More Inflation Relief as Households Struggle
Japanese Prime Minister Fumio Kishida has directed the ruling coalition to create new measures to tackle rising prices within the next two weeks, according to Kyodo news agency. This move is aimed at supporting Japan’s fragile post-COVID economic recovery amid escalating living costs, especially for energy and food. Inflation is hitting household consumption and smaller […]
South Korea Records Slowest Inflation Growth in 10 Months
South Korea’s consumer prices in February grew at their slowest pace in 10 months, supporting views that the central bank might be finished with its current cycle of policy tightening. The consumer price index (CPI) rose 4.8% year-on-year in February, down from January’s 5.2%, according to data from Statistics Korea released on Monday (March 06). […]
