Real wages log steepest fall in 21 months in March
May 9, 2017
Tokyo- Monthly wages in Japan in March dropped 0.8 percent from a year before in price-adjusted real terms, marking the steepest decline since the 3 percent fall logged in June 2015, the government said Tuesday.
The real monthly pay fell for the first time in two months, because prices rose while nominal wages declined, according to the Ministry of Health, Labor and Welfare.
"Our view remains unchanged that wages are increasing mildly, but it is necessary to closely monitor further developments," a ministry official said.
Total monthly wages per person, including regular and overtime pay as well as bonus payments, fell 0.4 percent to 277,512 yen, down for the first time in 10 months, the ministry said in a preliminary report.
Basic pay dropped 0.1 percent to 240,821 yen, and nonregular pay, mainly overtime, slid 1.7 percent to 19,690 yen. Special pay, such as bonuses, was down 3.6 percent at 17,001 yen. (Jiji Press)
Latest Videos
- WAR OF WORDS: UNCOVERING MEDIA BIAS IN THE GAZA CONFLICT
- FROM PANDEMIC TO PLANDEMIC: THE TRUTH REVEALED
- RFK Jr. TAKES THE HELM: A NEW ERA FOR US HEALTHCARE UNDER TRUMP
- The Snowden Effect How Trump’s Pardon Could bring down the deep state
- TRUMP TARGETS USAID: THE HIDDEN WAR ON AMERICA’S GLOBAL HUMANITARIAN ARM
- ELON MUSK CLAIMS GEORGE SOROS HATES HUMANITY
- KENNEDY’S BOMBSHELL: CIA’S ALLEGED CONTROL OF GLOBAL MEDIA