Japan's Real Wages Rise 2.4% in July for Seventh Straight Gain
Japan's inflation-adjusted real wages rose 2.4% in July from a year earlier, marking a seventh consecutive monthly increase as higher base salaries and easing price pressures improved workers' purchasing power. (News On Japan)
In July, Japan's inflation-adjusted real wages increased by 2.4% compared to the previous year, marking the seventh consecutive monthly rise, the Ministry of Health, Labor and Welfare reported. This surge in real wages is attributed to higher base salaries, reduced price pressures, and improved workers' purchasing power. Average total cash earnings per worker, encompassing base salaries, overtime pay, and bonuses, reached 436,401 yen in July, indicating a 4.7% increase from the same period a year prior.
The yen strengthened to approximately 152 against the dollar on September 8, marking its strongest level in about six months as investors focused on prospects of an interest-rate gap between Japan and the United States narrowing.
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