TOKYO – Japan’s real wages in November fell 2.8 percent from a year earlier, marking the 11th consecutive month of decline and the sharpest drop since last January, as pay growth continued to lag behind rising prices, government data showed Thursday.<\/p>\n
Inflation-adjusted wages dropped as a 3.3 percent rise in consumer prices more than offset a 0.5 percent increase in nominal wages to 310,202 yen ($1,980), the Ministry of Health, Labor and Welfare said.<\/p>\n
Food and energy prices have remained elevated, keeping real wages — a key gauge of consumer purchasing power — in negative territory for nearly a year, even as nominal wages have grown for 47 straight months.<\/p>\n
Nominal wage growth slowed from a revised 2.5 percent rise in October, dragged down by a 17.0 percent drop in special earnings, which a ministry official described as a “volatile component.”<\/p>\n
The Bank of Japan will be closely watching this spring’s wage negotiations as a key indicator for deciding the pace of future interest rate increases, after implementing a hike to a 30-year high last month.<\/p>\n
The official did not provide an assessment of the outlook for real wages, saying December data would better reflect winter bonuses.<\/p>\n
In 2024, real wages posted year-on-year increases in June, July, November and December, when summer and winter bonuses are typically paid.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO – Japan’s real wages in November fell 2.8 percent from a year earlier, marking the 11th consecutive…\n","protected":false},"author":2,"featured_media":395733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-395732","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/395732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=395732"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/395732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/395733"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=395732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=395732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=395732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}