Japan: Real wages fall in November

Japanese government officials say wages rose slightly in November compared to a year earlier. But when adjusted for inflation, individual earnings actually fell, going down for the first time in nearly a year. The Labor ministry surveyed about 33,000 businesses across the country. They found that workers earned on average about 275,000 yen a month, or a little more than 2,300 dollars, when bonuses and overtime were included. That’s up 0.2 percent, year on year. But the officials also say real wages dropped 0.2 percent due to increasing prices. It’s the first time the figure has fallen in 11 months. Officials say that wages are still rising at a moderate pace, and that they will monitor the effects of changes in prices. Source: NHK Bank Image Share this:TweetEmail