Free Trial

MNI BRIEF: Japan Sep Average Wages Up Slightly, Real Wages Down

(MNI) Tokyo
TOKYO (MNI)

Average wages rose 0.1% y/y in September, recording the first rise in two months after a revised unchanged reading in August, preliminary data released on Tuesday by the Ministry of Health, Labour and Welfare showed.

Base wages, the key to a steady recovery in cash earnings, rose 0.1% y/y in September.

Real wages fell 0.6% in September, for the first drop in three months, while monthly average cash earnings per regular employee rose 0.2% y/y to JPY270,019 in September, for the seventh straight gain. In real terms, average wages fell 0.6% y/y in September. Total CPI minus impute rents rose 0.9% y/y in September after rising 0.4% in August.

Overtime pay rose 6.5% y/y in September. Bonuses and other special pay fell 2.3% y/y in September.


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.