Japan Real Wages Rose 0.4% in 2016

Japan’s monthly average real, or inflation-adjusted, wages rose 0.4 percent in the last fiscal year, marking the first increase in six years, as wages grew with prices remaining flat, the government said Tuesday.

In nominal terms, the average monthly wage, including bonuses, increased 0.4 percent to 315,452 yen ($2,834) in the fiscal year ended March 2017, rising for the third straight year, according to data released by the Ministry of Health, Labor and Welfare.

Base pay was up 0.2 percent at 240,360 yen and special pay including bonuses gained 1.9 percent to 55,615 yen in fiscal 2016, while unscheduled wages including overtime pay fell 0.6 percent to 19,477 yen.

Average monthly nominal wages grew 0.8 percent to 412,130 for full-time workers and declined 0.4 percent to 97,526 yen for part-time workers.

via Mainichi

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza