Japan Real Wages Fall 3.0% in November
17:25 JST, January 10, 2024
TOKYO (Jiji Press) — Japan’s inflation-adjusted real wage index in November last year declined 3.0% from a year before as price increases outpaced pay growth, the labor ministry said Wednesday. The index fell for the 20th straight month.
Nominal monthly wages rose 0.2% to ¥288,741 per worker. Regular pay including basic salary grew 1.2% to ¥252,591, with overtime and other nonregular pay up 0.9% at ¥19,788. Special pay including bonuses fell 13.2% to ¥16,362.
The consumer price index excluding imputed rent, used to calculate the real wage index, rose 3.3% in November. Prices grew for a wide range of food items including eggs as well as accommodation and mobile phone services.
The average nominal wage increased 0.3% to ¥377,001 for full-time workers and 2.5% to ¥104,253 for part-timers. Monthly work hours per head were unchanged at 138.8 hours.
"Society" POPULAR ARTICLE
-
U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
-
JAL Airplane Experiences Radio Malfunction During Flight, Lands Safely By Relying on Light Signals
-
Cherry tree falls on man on Sanneizaka steps leading to famous Kiyomizu Temple in Kyoto
-
Earthquake in Western Japan a Reminder to Be Ready for the Big One; 14% of People Have Made No Preparations, Survey Says
-
Small Animal That Appears to be Mouse Found in Chojuku Bread Products; Some Brands on Same Production Line to be Recalled Voluntarily
JN ACCESS RANKING
- Weakening Yen Adds Complexity to BOJ’s Rate Hike Decisions; Rising Commodity Prices may Impact ‘Virtuous Cycle’ Efforts
- 70% of Japan Companies to Raise Pay Scales in FY 2024
- Core Consumer Prices Rise 2.8% in Fiscal 2023
- U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’