Tokyo, Dec. 8 (Jiji Press)–Japan’s inflation-adjusted real wage index dropped 0.7 pct year on year in October, falling for the 10th straight month as increases in prices of goods such as food continued to outpace wage growth, labor ministry data showed Monday. According to the ministry’s preliminary report covering businesses with five or more employees, nominal wages per worker, including base salary and overtime, rose 2.6 pct to an average of 300,141 yen. Regular pay, mainly comprising base salary, also grew 2.6 pct. The consumer price index excluding imputed rent, used to calculate the real wage index, surged 3.4 pct. A separate real wage index calculated for international comparison, using the overall CPI that includes imputed rent, was down 0.4 pct, marking the third consecutive monthly decline. Nominal wages for full-time workers climbed 2.7 pct to 384,151 yen, and those for part-time workers were up 2.2 pct to 112,283 yen. Part-timers’ average hourly wage increased 3.3 pct to 1,402 yen, for a 52-month rising streak. END [Copyright The Jiji Press, Ltd.]
Real Wages in Japan Fall for 10th Straight Month in Oct.
Related Posts
Japan July-Sept. GDP Down Annualized 2.3 Pct in Revised Report
Tokyo, Dec. 8 (Jiji Press)–Japan’s gross domestic product in July-September grew an annualized 2.3 pct from the previous quarter after price and seasonal adjustment, the Cabinet Office said in a revised report Monday. The decline was steeper than the 1.8 pct drop
TOKYO REPORT: Demand Grows for Housing Loans of Up to 50 Years in Japan
Tokyo, Dec. 8 (Jiji Press)–Housing loans with repayment periods of up to 50 years, far longer than the standard 35-year term for long-term mortgages, are gaining popularity in Japan particularly among people in their 20s. With housing prices continuing to soar, as
