Japan's Real Wages Down 2.5 Pct in March
Tokyo, May 9 (Jiji Press)--Japan's inflation-adjusted real wage index in March dropped 2.5 pct from a year before, marking a decline for the 24th consecutive month, the labor ministry said in a preliminary report Thursday.
The decline came as wage hikes failed to catch up with the pace of inflation. It is the longest streak of successive falls since comparable data became available in 1991.
Monthly nominal wages per worker increased 0.6 pct to 301,193 yen on average.
Regular pay, which includes basic salary, rose 1.7 pct, and nonregular pay such as overtime fell 1.5 pct.
The consumer price index excluding imputed rent, which is used for real wage index calculation, went up 3.1 pct. The growth rate slightly shrank from the previous month.
(2024/05/09-12:39)
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