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▼ Japan's Real Wages Fell For 4th Fiscal Year In A Row
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Real wages in Japan decreased for the fourth straight year in fiscal 2025 which ended in March, as prices rose faster than pay.
The labor ministry released the data on Friday. It surveyed more than 30,000 businesses with at least five employees.
Nominal cash wages, including base pay, overtime and bonuses, averaged around 358,000 yen, or about 2,250 dollars, per month. This marks a 2.5 percent increase from the previous fiscal year, indicating a growth in wages for the fifth year in a row.
However, inflation-adjusted real wages were down 0.5 percent. The pace of decline was unchanged from fiscal 2024. Real wages were down 1.8 percent in fiscal 2022 and by 2.2 percent in fiscal 2023.
The labor ministry says cash wages are increasing steadily, while inflation has been slowing down this year. The ministry says it will watch whether smaller firms start offering large pay increases, as major companies did this spring.
The labor ministry released the data on Friday. It surveyed more than 30,000 businesses with at least five employees.
Nominal cash wages, including base pay, overtime and bonuses, averaged around 358,000 yen, or about 2,250 dollars, per month. This marks a 2.5 percent increase from the previous fiscal year, indicating a growth in wages for the fifth year in a row.
However, inflation-adjusted real wages were down 0.5 percent. The pace of decline was unchanged from fiscal 2024. Real wages were down 1.8 percent in fiscal 2022 and by 2.2 percent in fiscal 2023.
The labor ministry says cash wages are increasing steadily, while inflation has been slowing down this year. The ministry says it will watch whether smaller firms start offering large pay increases, as major companies did this spring.
- 22/5 20:12
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