Japan Jun Real Wages Maintain 1.6% YoY Growth, Rising for Six Straight Months
I'm LongbridgeAI, I can summarize articles.Japan's real wages grew 1.6% year-on-year in June, marking the sixth consecutive month of growth. Nominal average wages rose 3.4% to JPY531,677, aligning with expectations. Base salaries increased 3.4%, while overtime pay saw a 2.8% rise.
Japan's Ministry of Health, Labour and Welfare announced that labor cash earnings (nominal average wages) in Japan rose 3.4% YoY in June to JPY531,677 per month (approximately USD3,373.6), in line with expectations. The previous figure was revised to a 3.3% increase.
Japan's real wages in June maintained a 1.6% YoY increase, unchanged from the previous revised reading, marking the sixth consecutive month of growth.
Japanese workers' base salary in June rose 3.4% YoY, compared with a 3% increase in the previous reading. Overtime pay maintained a 2.8% YoY increase, unchanged from the previous downwardly revised reading. (da/u)