TOKYO, Jan. 9 (QNA) – Japan’s real wages fell 0.3% in November from a year earlier, marking the fourth consecutive month of decline, as wage growth has not kept pace with price increases, government data said on Thursday. showed.
Japan’s Kyodo News Agency quoted the Ministry of Health, Labor and Welfare as saying that nominal wages, or average monthly cash earnings per worker, including basic pay and overtime pay, increased by 3.0% to 305,832 yen ($1,900). ), increasing for 35 consecutive months. and welfare.
But consumer prices, which are used to calculate wage data, rose 3.4% in November, accelerating from a 2.6% rise the previous month.
The ministry blames the soaring prices on cuts in government subsidies for utility bills and persistently high food prices.
Meanwhile, real wages at workplaces with 30 or more employees rose 0.2% in November, marking the third straight month of increases.
According to the data, average wages, excluding bonuses and unscheduled payments, rose 2.7% to 265,082 yen, the largest increase in 32 years.
Special cash income (mainly bonuses) increased by 7.9% year-on-year to 20,091 yen, as some employers started paying bonuses in the reporting month.
The average nominal wage by employment contract type increased by 3.0% for full-time workers to 392,121 yen, and for part-time workers by 4.4% to 112,109 yen. (QNA)
