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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,

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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.

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