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MNI BRIEF: Japan May Wages Up, But Real Pay Stays Negative

TOKYO (MNI)

Average wages in Japan rose 1.2% y/y in May, though real wages fell 1.8%, preliminary data released on Tuesday by the Ministry of Health, Labour and Welfare showed.

Total monthly average cash earnings per regular employee rose 1.0% y/y in May after a 1.3% gain in April. Overtime pay rose 5.5% y/y in May, while bonuses and other special pay fell 7.0% y/y, the first drop in five months, (See: MNI BRIEF: BOJ Opinions: Must Watch Price Impacts, Wage Hikes).

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

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