TOKYO — Japanese workers saw their average base pay climb 2.5 percent in May — the fastest pace in 31 years, as bumper pay hikes offered by companies in annual wage negotiations took effect, while part-time workers notched up some particularly strong gains.
But inflation-adjusted real wages fell for a record 26th straight month as a weakening yen and higher commodity prices pushed up the cost of imports, complicating the Bank of Japan’s (BOJ) efforts to normalize monetary policy.
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