🇯🇵 UPDATE: Japan’s Real Wages Fall 2.9% in May — Worst Since 2023 📉💴

Japan’s real wages plunged 2.9% in May, far exceeding the expected 1.7% drop, as inflation outpaces modest 1% nominal wage growth.

With elections just two weeks away, PM Ishiba’s proposed cash handouts face rising public doubt. All eyes now turn to the Bank of Japan’s July 31 rate decision.

🇯🇵 A troubling sign for household spending and economic stability ahead of key political and monetary events.

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