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Japan Real Wages Fall for 26th Straight Month in May

Japan Real Wages Fall for 26th Straight Month in May

   Tokyo, July 8 (Jiji Press)--Japan's inflation-adjusted real wage index declined 1.4 pct from a year before in May, extending its record declining streak to a 26th month, the labor ministry said Monday.
   The pace of fall accelerated from April's 1.2 pct, with wage growth still unable to outpace inflation.
   Nominal wages per worker, which include regular and nonregular pay, averaged 297,151 yen in May, up 1.9 pct. Of the total, regular pay, including base salary, grew 2.5 pct, the steepest increase in 31 years, thanks mainly to wage hikes agreed on in this year's "shunto" labor-management negotiations in spring.
   Meanwhile, the consumer price index excluding imputed rent, used to calculate the real wage index, was up 3.3 pct, bigger than the 2.9 pct rise.
   The average nominal wage rose 2.1 pct to 378,803 yen for full-time workers, and 3.2 pct to 108,511 yen for part-timers.

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AFP-JIJI PRESS NEWS JOURNAL


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