Japan Real Wages Rise 0.4 Pct in July
Tokyo, Sept. 5 (Jiji Press)--Japan's inflation-adjusted real wage index in July rose 0.4 pct from a year earlier, up for two consecutive months thanks to spreading effects of salary increases, the Labor Ministry announced Thursday.
But the rate of rise shrank from 1.1 pct in June, when bonus payments pushed up wages substantially.
Monthly nominal wages per worker went up 3.6 pct to 403,490 yen on average, up for 31 straight months. Of the total, regular pay including basic salary grew 2.7 pct, the largest increase in 31 years and eight months since November 1992, reflecting historic wage hikes agreed in this year's "shunto" spring wage negotiations.
Special pay including bonuses climbed 6.2 pct, with the pace of growth slowing from 7.8 pct in June.
The consumer price index excluding imputed rent, used to calculate the real wage index, climbed 3.2 pct.
(2024/09/05-12:59)
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