Strong economic data from Japan released on Monday helped ease fears that the country would suffer a double-dip recession and lifted the Tokyo stock market to a 14-month high.
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But while Japanese exports have been growing, demand at home has been less rosy amid deflationary pressure. In November, total cash earnings among Japanese wage earners fell 2.8 per cent from a year earlier, according to the ministry of health, labour and welfare. The drop, which accelerated from a revised 1.9 per cent fall in October, is the 18th straight month of decline. Last month's unemployment rate rose to 5.2 per cent and consumer prices dropped for a ninth consecutive month.
But while Japanese exports have been growing, demand at home has been less rosy amid deflationary pressure.
In November, total cash earnings among Japanese wage earners fell 2.8 per cent from a year earlier, according to the ministry of health, labour and welfare. The drop, which accelerated from a revised 1.9 per cent fall in October, is the 18th straight month of decline.
Last month's unemployment rate rose to 5.2 per cent and consumer prices dropped for a ninth consecutive month.
