Free Trial

MNI BRIEF: Japan Real Wages Remain  Positive In August

TOKYO (MNI)

Average wages rose 0.2% y/y in August keeping gains from a downward revised initial July reading with real wages also up 0.2%, preliminary data released on Friday by the Ministry of Health, Labour and Welfare showed.

Base wages, the key to a steady recovery in cash earnings, rose 0.2% y/y in August after rising 0.2% in July.

Total monthly average cash earnings per regular employee rose 0.7% y/y to JPY274,987 in August, for the sixth straight rise following +0.6% in July. In real terms, average wages rose 0.2% y/y in August. Total CPI minus imputed rents rose 0.4% y/y in August.

Overtime pay rose 6.5% y/y in August but slowed from +11.6% in July and bonuses and other special pay rose 2.0% y/y in August, for the first rise in three months.


MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.