Japan revises July real wages to show contraction from growth

TOKYO (Reuters) -Japan revised real wages in July to a 0.2% fall from a previously reported growth of 0.5%, a labour ministry release showed on Friday.

With the revision, Japan’s inflation-adjusted real pay has been logging contraction for seven consecutive months, casting doubt on the Bank of Japan’s ability to adjust its ultra-loose monetary policy.

After the revision, July’s nominal wages or total cash earnings rose 3.4% from the same month a year before, down from the preliminary reading of 4.1% gain.

(Reporting by Kantaro Komiya; Editing by Jacqueline Wong)