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Japanese real wages unchanged in April

Japan's preliminary real wages index stayed flat in April from a year earlier, Reuters reported June 6, citing data from the country's Ministry of Health, Labor and Welfare.

The price-adjusted index was 87.5, unchanged from the April figure last year. In March, it had declined by a revised 0.3% in annual terms.

Overall wages per person rose 0.5% on an annual basis. Regular pay increased 0.4% but overtime pay slid 0.2% from a year ago.

Flat growth in real wages may pose a challenge to policymakers as they attempt to revive the declining trend in household spending, Reuters said.