Japan just reported its sharpest real wage contraction since January in November. Here's why this matters: when actual purchasing power drops like this, it typically signals weakening consumer demand and pushes central banks toward easier monetary policy. For crypto markets, this is worth tracking—currency debasement and interest rate shifts directly influence capital flows into alternative assets. The wage compression in Japan also reflects broader global deflation pressures. Watch how the Bank of Japan responds to this data; it could reshape JPY dynamics and cross-market correlations in the coming weeks.