TOKYO, Dec. 24 (Xinhua) — Japan’s actual wages fell 0.4 % in October from a yr earlier, revised down from no change as was initially reported, marking the third consecutive month of decline, authorities information confirmed Tuesday.
Inflation-adjusted actual wages at workplaces with 5 or extra workers, a barometer of client buying energy, remained destructive in October, as authorities subsidies for utility payments did not offset rising dwelling prices, the Ministry of Health, Labor and Welfare stated.
Nominal wages, the typical whole month-to-month money earnings per employee, together with base and additional time pay, rose 2.2 % to 292,430 yen (about 1,860 U.S. {dollars}), revised down from a 2.6 % achieve.
The nation’s actual wages fell for the twenty sixth straight month in May, weighed down by surging costs on a weak yen. And they slipped again into destructive territory in August after two months of will increase through the summer time bonus season.