Japan's real wages posted their steepest decline since January in November, signaling persistent pressure on consumer purchasing power across the world's third-largest economy. The contraction reflects ongoing wage stagnation amid inflation, a dynamic that's worth monitoring for macro traders. When real incomes shrink, household spending typically weakens, which ripples through global risk appetite—including digital asset markets. Economic headwinds in major economies often correlate with shifts in crypto trading sentiment and capital flows. This data point is part of a broader pattern worth tracking alongside Fed policy, China's economic data, and other macro indicators that shape market conditions for Bitcoin, Ethereum, and broader crypto exposure.