Japanese wage earners’ total cash earnings rose 0.8 percent in December from a year earlier, government data showed on Wednesday, a second straight month of gains and the fastest climb in nearly two years – a sign of a gradual pickup in salaries.
Overtime pay, a barometer of strength in corporate activity, rose 4.6 percent in the year to December, up for a ninth consecutive month, labor ministry data showed.
Reflecting improved corporate earnings on the back of the government’s reflationary policies, special payments grew 1.4 percent from a year earlier, it showed, suggesting that winter bonuses may have increased for the first time in five years.
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 email@example.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.