Japan’s real wages rise again, aided by Takaichi’s relief
Real cash earnings — adjusted for inflation, excluding rents — climbed 1.5% in August from a year earlier, the labor ministry said.
Japanese workers' real wages have increased for eight consecutive months, the longest streak in nearly a decade, according to Prime Minister Sanae Takaichi's measures aimed at reducing inflation. The labor ministry's report on Wednesday revealed that real cash earnings, adjusted for inflation and excluding rent, rose by 1.5% in August compared to a year ago.
This figure aligned with the median forecast of economists. The rise was primarily driven by a steady increase in base salaries, which grew by 3.8%. Nominal wages also climbed by 3.8%, maintaining an upward trend for the seventh consecutive month since 1992. A more precise measure, excluding bonuses, overtime, and sampling errors, showed an increase of 2.8% for full-time workers.
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