Japanese wages dropped for the first time in 13 months

By @ibtimes on

As for the massive negative results of the earthquake that hit Japanese economy on March 11, the Japanese wages had declined for the first time in 13 months in March, adding that the economic recovery risk will aggravate from an earthquake that left more than 25,000 people dead or missing.

Moreover, the Japanese parliament has approved a 4 trillion yen (49 billion dollar) for rebuilding; also the wage data highlight the economic damage from the March disaster that caused a record decline in factory output and decreases in retail sales, household spending and consumer confidence.

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