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--Japan Jan Average Wages +1.5% Y/Y; 1st Rise in 2 Months; Dec -0.2%
--Japan Jan Real Average Wages +0.7% Y/Y; 1st Rise in 4 Mos; Dec -1.1%
TOKYO (MNI) - Average Japanese wages rose 1.5% y/y in January after rising
0.2% in December, with real wages turning positive, preliminary data released
Friday by the Ministry of Health, Labour and Welfare showed.
Here are the key points from the Monthly Labour Survey:
--Total monthly average cash earnings per regular employee rose 1.5% y/y to
Y276,520 in January, for the first rise in two months following a 0.2% fall in
--In real terms, average wages rose 0.7% y/y in January, the first rise in
four months and comes after a 1.1% fall in December. Total CPI minus impute
rents rose 0.8% y/y in January, slowing from +0.9% in December.
--Base wages, the key to a steady recovery in cash earnings, rose 1.4% in
January y/y after rising 0.3% in December.
--Overtime pay fell 1.8% y/y in January following -2.3% in December. The
decrease was mainly due to a decline in overtime working hours amid slowing
economy. Bonuses and other special pay rose 10.4% y/y in January, for the first
rise in two months following -0.4% in December.
--The government left its assessment unchanged from the previous month,
saying wages are showing a moderate increase.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: firstname.lastname@example.org
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