US EditionBREAKING NEWS: Japan's Real Wages Fall 1.4% in Sept., Down for 9th Straight Month
6 Articles
6 Articles
Japan’s Real Wages Fall For Ninth Straight Month As Inflation Outpaces Pay
Japan’s real wages fell for the ninth consecutive month in September as resurgent inflation outgrew nominal pay, government data showed on Thursday, highlighting the wage-price gap that complicates the Bank of Japan’s (BOJ) rate hike plans. The BOJ kept interest rates unchanged at the October 29-30 policy meeting and Governor Kazuo Ueda signalled that the 2026 wage outlook would be the most crucial factor in determining the timing of the next hi…
By economic sector, trade, education and construction recorded the highest annual positive incidences in both indicators, as reported by the National Institute of Statistics (INE).
The nominal wages in Japan, including basic wages, extraordinary hours and other bonuses, increased by 1.9% compared to September 2024, according to a report published by the Ministry of Health, Labour and Well-being. However, actual wages did not follow the overall increase in prices. In September food prices rose 7.6%, energy costs increased 2.3%, and electricity costs increased by 3.2%, according to the latest data from the Ministry of Intern…
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