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

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
DataPolicy NewsHomepageAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBriefStoryRegion
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
DataPolicy NewsHomepageAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBriefStoryRegion

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