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Japan Real Wages Down 0.6 Pct in Aug.

Japan Real Wages Down 0.6 Pct in Aug.

   Tokyo, Oct. 8 (Jiji Press)--Japan's inflation-adjusted real wage index in August fell 0.6 pct from a year before, down for the first time in three months, the labor ministry said in a preliminary report Tuesday.
   The decline reflected elevated prices in the country and the diminished effects of summer bonus payments, which pushed up real wages substantially in June and July.
   Nominal wages per worker, which include regular and nonregular pay, rose 3.0 pct, up for 32 consecutive months. Of the total, regular pay, including base salary, grew 3.0 pct, the steepest increase in 31 years and 10 months.
   Special pay, including bonuses, went up 2.7 pct, but the growth rate narrowed from 6.6 pct in the previous month.
   The consumer price index excluding imputed rent, used to calculate the real wage index, was up 3.5 pct in August, compared with a 3.2 pct rise in July.

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AFP-JIJI PRESS NEWS JOURNAL


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