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MNI BRIEF: Japan July Wages Rise; Real Pay Stays Negative

(MNI) Tokyo
MNI (Tokyo)

Households continue to be squeezed by weak real wages growth as resource prices rise and the yen weakens.

True

Average wages rose 1.2% y/y in July after rising 1.1% in June. Real wages stayed in negative territory, down 1.3% in July after falling 0.6% in June, preliminary data released Tuesday by the Ministry of Health, Labour and Welfare showed.

Total monthly average cash earnings per regular employee rose 1.8% y/y in July following +2.0% in June.

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Average wages rose 1.2% y/y in July after rising 1.1% in June. Real wages stayed in negative territory, down 1.3% in July after falling 0.6% in June, preliminary data released Tuesday by the Ministry of Health, Labour and Welfare showed.

Total monthly average cash earnings per regular employee rose 1.8% y/y in July following +2.0% in June.

Keep reading...Show less