TOKYO, Jan 09 (News On Japan) –
In Japan, actual wages in November, adjusted for value fluctuations, fell 2.8% from the identical month a 12 months earlier, marking the eleventh consecutive month of decline.
According to the Ministry of Health, Labour and Welfare, complete money earnings per employee in November, together with base pay and bonuses, rose 0.5% from a 12 months earlier to 310,202 yen, extending the streak of nominal wage progress to 47 consecutive months.
However, when adjusted for inflation, actual wages declined 2.8% in contrast with the identical month final 12 months, remaining in unfavourable territory for the eleventh straight month.
The price of decline was tied with January as the biggest drop recorded in the course of the 12 months.
A ministry official mentioned the scenario displays the continued failure of wage progress to maintain tempo with rising costs.
Source: TBS