Japan's real wages shrink for 23rd straight month
STORY: Japan's real wages shrink for 23rd straight month
SHOOTING TIME: file
DATELINE: April 9, 2024
LENGTH: 00:00:41
LOCATION: Tokyo
CATEGORY: ECONOMY
SHOTLIST:
1. various of street views in Tokyo
2. various of supermarkets in Tokyo
3. various of street views in Tokyo
STORYLINE:
Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday.
Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare.
Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars).
Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent.
Meanwhile, the consumer price index exclu
- Product Code
- ILEA002544368
- Registered date
- 2024/4/09 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
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