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Real Wages in Japan Down 1.3 Pct in June

Real Wages in Japan Down 1.3 Pct in June

   Tokyo, Aug. 6 (Jiji Press)--Japan's inflation-adjusted real wage index dropped 1.3 pct in June from a year before because of rising prices, decreasing for the sixth consecutive month, a labor ministry survey showed Wednesday.
   Nominal wages continued to rise as companies raised employee pay, but inflation picked up at a faster pace than wages. The survey covered firms with five or more employees.
   The survey showed that overall nominal wages, including regular and overtime pay, grew 2.5 pct to 511,210 yen on average, increasing for 42 straight months. Extraordinary pay jumped 3 pct, reflecting summer bonuses. Regular pay rose 2.1 pct.
   The consumer price index, excluding imputed rent, rose 3.8 pct. Inflation remained elevated though it fell below 4 pct for the first time in seven months.
   The real wage index was down 0.7 pct when imputed rent was included in the CPI for international comparison.

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AFP-JIJI PRESS NEWS JOURNAL


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