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
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
JR East Eyes Freight-Only Cars for Shinkasen Trains as Japan Logistics Industry Suffers from Labor Shortage
-
JR East Employee in His 70s Earns Doctorate on Safe Train Operations; Believes Accidents Caused by Human Error Can Be Reduced
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japan Makes Taxi, Bus Driver Jobs More Obtainable for Foreigners; Paper Exams Now Offered in 20 Languages
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!