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--Japan Dec Average Wages 0.0% Y/Y; Nov +0.1%
--Japan Dec Real Average Wages -0.9% Y/Y; 3rd Straight Drop; Nov -0.6%
--Japan Dec Base Wages +0.4% Y/Y, Nov 0.0%
--Japan Dec Overtime Pay -2.6% Y/Y, 4th Straight Drop; Nov -2.0%
--Japan Dec Bonuses, Other Special Pay +0.2% Y/Y, Nov +3.6%
TOKYO (MNI) - Average Japanese wages were unchanged y/y in December after
rising 0.1% in November while real wages remained in negative territory,
according to preliminary data released Friday by the Ministry of Health, Labour
Here are the key points from the Monthly Labour Survey:
--Total monthly average cash earnings per regular employee were unchanged
from a year earlier at Y565,779 in December, following +0.1% in November and
0.0% in October.
--In real terms, average wages fell 0.9% y/y in December, the third
straight drop following a 0.6% fall in November. Total CPI minus impute rents
rose 0.9% y/y in December, accelerating from +0.6% in November.
--Base wages, the key to a steady recovery in cash earnings, rose 0.4% in
December from a year earlier after being unchanged in November.
--Overtime pay fell 2.6% from a year earlier in December following -2.0% in
November. The drop was mainly caused by the decline in overtime working hours
amid weak overseas demand. Bonuses and other special pay rose 0.2% y/y in
December, for the second straight rise following +3.6% in November.
--The government left its assessment unchanged from the previous month,
saying that wages are showing a moderate increase.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: firstname.lastname@example.org
--MNI Sydney Bureau; +61 405322399; email: email@example.com