HomeLatestJapan’s Real Wages Fall for Third Consecutive Month in October

Japan’s Real Wages Fall for Third Consecutive Month in October

TOKYO, Dec 26 (News On Japan) –
The Ministry of Health, Labour and Welfare introduced finalized information from its Monthly Labour Survey, revealing that actual wages, adjusted for inflation, decreased by 0.4% in October in comparison with the identical month final 12 months. This marks the third consecutive month of decline.

While the full money earnings obtained by staff in October rose in comparison with the earlier 12 months, the rise was outpaced by inflation.

Initially, the preliminary report indicated that actual wages remained flat at 0.0%. However, after extra information was included following the submission deadline, the determine was revised downward to replicate a detrimental pattern.

Source: ANN

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