Real wages in Japan fall 1.3% in July
11:49 JST, September 7, 2022
TOKYO (Jiji Press) — Japan’s inflation-adjusted real wage index in July dropped 1.3% from a year before, down for the fourth consecutive month, the labor ministry said in a preliminary report Tuesday.
The decline came as inflation in the country outpaced growth in nominal wages.
The consumer price index excluding imputed rents, used to calculate the real wage index, grew 3.1% in the reporting month. The pace of rise in the price index topped nominal wage growth for the fourth consecutive month.
The average total nominal wage was up 1.8% year on year at ¥377,809 per worker in July, up for seven months in a row, according to the labor survey report.
Of the total, regular pay, including basic salary, rose 1.2%, and overtime and other nonregular pay climbed 4.7%. Special pay, including bonuses, was up 2.8%.
Total nominal wages for full-time workers averaged ¥500,828, up 1.7%, and the average wage for part-time workers grew 3.0% to ¥106,167.
"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