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Japan's real wages drop for record 25th straight month in April

TOKYO
2024-06-05 14:21

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TOKYO, June 5 (Xinhua) -- Japan's real wages in April dropped 0.7 percent from a year earlier for the 25th straight month of decline, the longest since comparable data became available in 1991, labor ministry data showed Wednesday.

The decline in inflation-adjusted wages in April, despite the slowdown from a revised 2.1 percent drop in March, showed that inflation continued to outpace nominal wage growth, according to the Ministry of Health, Labor and Welfare.

In the reporting month, nominal wages, the average total monthly cash earnings per worker including base and overtime pay, rose 2.1 percent to 296,884 yen (1,910 U.S. dollars), up for the 28th consecutive month, following pay hikes agreed during the latest spring annual wage negotiations this year.

By sector, monthly pay in the mining and quarrying sector logged the sharpest fall of 10.5 percent, while the construction industry saw the largest increase of 5.7 percent.
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