Japan Real Wages Rose 0.4% in 2016

May 23, 2017 Share Print 0

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

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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.