Mumbai, July 7 -- Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest economy, government data showed on Monday.
While a labour group report last week showed unionized Japanese workers had their biggest average pay hike in 34 years, the feeble broader wage data spells concerns about Japan's economic recovery amid uncertainties over US trade tariffs.
Inflation-adjusted real wages fell 2.9 per cent in May from a year earlier, following a revised 2.0 per cent drop in April, and the steepest decline in 20 months, labour ministry data showed.
Real wages, a key determinant of households' purchasing power,...