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Real wages fell 2.6% year-on-year in February, unfavourable for 11 consecutive months | NHK

As costs proceed to rise, the actual wage per employee in February this yr decreased by 2.6% in comparison with the identical month final yr, marking the eleventh consecutive month of unfavourable development.

According to the preliminary figures of the “Monthly Labor Statistics Survey” performed by the Ministry of Health, Labor and Welfare for greater than 30,000 enterprise institutions with 5 or extra staff, the actual wage in February this yr mirrored the change in costs. It decreased by 2.6% in comparison with the month.

The whole money wage per employee, together with primary wage and additional time pay, averaged 271,851 yen, a rise of 1.1% in comparison with February final yr. It has been unfavourable for 11 consecutive months.

On the opposite hand, the federal government’s measures to scale back the burden on electrical energy have curtailed the rise in electrical energy prices and the speed of inflation has slowed down, so the speed of decline in actual wages has narrowed in comparison with January, when it was minus 4.1%.

Regarding the longer term, the Ministry of Health, Labor and Welfare stated, “This yr, there’s an unprecedented wage improve within the spring labor wrestle, so we want to take note of the way it will have an effect on us.”

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