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Japan Real Wages Down for 1st Time in 3 Months

Japan Real Wages Down for 1st Time in 3 Months

   Tokyo, May 9 (Jiji Press)--Japan's inflation-adjusted real wage index in March dropped 0.2 pct from a year before, down for the first time in three months, the labor ministry said in a preliminary report Monday.
   The fall came as the pace of inflation exceeded that of nominal wage growth.
   The consumer price index excluding imputed rent, used to calculate the real wage index, surged 1.5 pct in the reporting month due to a spike in crude oil and materials prices, posting the sharpest rise since October 2018.
   Total wages per worker increased 1.2 pct to 286,567 yen on average, up for the third consecutive month. Regular pay, including basic salaries, rose by 0.5 pct, overtime and other nonregular pay by 2.5 pct, and bonuses and other special pay by 10.7 pct.
   The total average pay increased 1.5 pct to 372,765 yen for full-time workers and dropped 0.2 pct to 97,309 yen for part-timers.

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AFP-JIJI PRESS NEWS JOURNAL


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