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Japan Real Wages Down 0.4 Pct in June

Japan Real Wages Down 0.4 Pct in June

   Tokyo, Aug. 5 (Jiji Press)--Japan's inflation-adjusted real wage index in June fell 0.4 pct from a year before, down for the third consecutive month, the labor ministry said in a preliminary report Friday.
   Despite the drop, an increase in bonuses and other special pay mostly canceled out the negative effects of climbing consumer prices, resulting in a smaller decrease in the real wage index than 1.8 pct in May.
   The consumer price index excluding imputed rent, used to calculate the real wage index, surged 2.8 pct in June, reflecting soaring energy and food prices.
   Special pay increased 3.1 pct, the first rise in three years for the month.
   Total nominal wages per worker increased 2.2 pct to 452,695 yen on average. Regular pay, including basic salaries, was up 1.3 pct, and overtime and other nonregular pay grew 5.8 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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