Business | Apr 08

Japan's Real Wages Fall 1.3% in February

TOKYO, Apr 08 (News On Japan) - Despite a 1.8% increase in the total amount of cash earnings received by workers in February compared to last year, real wages, adjusted for inflation, decreased by 1.3%, marking the 23rd consecutive month of decline,

According to the Monthly Labour Survey released by the Ministry of Health, Labour and Welfare, the total cash earnings received by workers in February amounted to an average of ¥282,265, showing a 1.8% increase from the same month last year and marking a 26-month consecutive rise.

However, the consumer price index rose by 3.3% compared to the same month last year, outpacing the growth in nominal wages.

After accounting for the impact of rising prices, real wages have seen a decrease of 1.3%, continuing the trend for 23 consecutive months.

MORE Business NEWS

Osaka May Day Rally Calls for Wage Increases

May 1st marks the celebration of the international labor movement known as May Day. In Osaka, a rally was held where attendees called for the extension of recent substantial wage increases to small and medium-sized enterprises (SMEs) as well.

Japan's Top Five Securities Firms See Significant Profit Increase

The earnings reports from Japan's five major securities firms are in, showing strong performances boosted by the rising stock market.

Vacant Homes in Japan Reach Record High of 9 Million

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

POPULAR NEWS

Tokyo's New Chinatown

In Tokyo, the Chinese population has been on the rise, with Adachi Ward seeing more than double the number from ten years ago.

Mizuhara Launders Cash at Casinos

In the case where Shohei Ohtani's former interpreter was prosecuted for making unauthorized transfers from Ohtani's account, it has been revealed that the mastermind behind the illegal gambling had converted the received money into cash at casinos.

Suspected Chromium-Contaminated Cat Found Dead

The carcass of a cat was found near a plating factory in Fukuyama City, Hiroshima Prefecture, on March 30th.

Vacant Homes in Japan Reach Record High of 9 Million

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

New Arrest in Tochigi Double Murder

A South Korean man suspected of involvement in the case of a couple's bodies found in Nasu Town, Tochigi, was arrested early Wednesday morning.

FOLLOW US