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Channel NewsAsia
Channel NewsAsia
AsiaPac · 10 mins ago
Japan real wages up for 5th month in May, slower due to inflation
TOKYO, July 7 : Japan's real wages rose 1.4 per cent in May from a year earlier to mark a fifth month of increases, although the growth rate slowed amid re-accelerating consumer inflation, government data showed on Tuesday.• Average nominal wages - or total cash earnings - rose 3.2 per cent to 311,165 yen ($1,917.69), slightly slower than a revised 3.6 per cent gain in April.• Coupled with a faster increase in consumer inflation that began to reflect the impact of the U.S.-Israeli war on Iran, the real pay gain in May stood at 1.4 per cent, decelerating from April's revised 2 per cent rise.• Workers' base salaries, or regular pay, climbed 3.0 per cent, following a revised 3.3 per cent gain in April. Overtime pay growth in May was 2.9 per cent, down from a revised 4.8 per cent increase in A
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