RSS Japan wages data: Inflation adjusted real wages -0.3% y/y

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 RSS Japan wages data: Inflation adjusted real wages -0.3% y/y

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Japanese wages data for November 2024

Total cash earnings +3.0% y/y

  • expected +2.7%, prior +2.2%

Overtime pay +1.6% y/y

  • prior +0.7%

Base salary, or regular pay, rose 2.7% in November

  • fastest increase since 1992

As noted in the headline, inflation-adjusted real wages fell in November, down 0.3%

  • prior -0.4%
  • for the fourth straight month
This article was written by Eamonn Sheridan at www.forexlive.com.
 
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