Japanese wages plunge in June


Wages in Japan plunged at record pace in the year to June, data out Monday revealed.

The data from the Labour Ministry showed wages, including bonuses and overtime, slumped by 7.1% in the year to June to ¥430,620 ($4,520).

The decline was the sharpest since the ministry began collecting the data in 1990.

Bonuses, which tend to be paid in June, dropped by 14.5% year-on-year, but overtime hours increased by 2.2% over the course of the month.

Wages have now fallen for 13 straight months and Monday'

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: