Japan real wages log biggest drop since 2015
16:50 JST, December 6, 2022
TOKYO (Jiji Press) — Japan’s inflation-adjusted real wage index in October fell 2.6% from a year before, the biggest drop since June 2015, the labor ministry said in a preliminary report Tuesday.
The index slid for the seventh straight month as higher consumer prices, including electricity and gas costs and restaurant menu prices, outpaced increases in nominal wages.
Total nominal wages per worker rose 1.8% to ¥275,888 on average, up for the 10th consecutive month.
Of the total, regular pay, including basic salaries, increased 1.3%, and overtime and other nonregular pay climbed 7.9%.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING