Japan's real wages rose 1.1% in June, with nominal wages increasing 4.5% at the fastest pace since 1997.
Japan experienced a rise in inflation-adjusted real wages for the first time in nearly two years in June, with nominal pay increasing at the fastest pace in nearly three decades. This growth supports the Bank of Japan's belief that wage increases are becoming more widespread. Real wages rose 1.1% in June, and nominal wages increased by 4.5%, the fastest growth since January 1997. Higher bonuses as more firms raised wages amid a labor shortage contributed to the increase.
August 05, 2024
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