Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Japan January real wages fall at fastest pace in six months

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/09/2018 | 01:03am CEST
A businessman walks in Tokyo's business district

TOKYO (Reuters) - Japanese workers' wages fell in January at the fastest pace in six months after adjustments for inflation in a worrying sign that consumer spending will lose momentum this year.

Falling real wages suggest the government will struggle to convince companies to raise wages by 3 percent or more this year at annual negotiations with labour unions, which are expected to conclude next week at large companies.

The fall in real wages also shows the Bank of Japan's 2 percent inflation target is likely to remain a distant goal.

Real wages in January fell 0.9 percent from the same period a year ago, labour ministry data showed on Friday. That followed a 0.3 percent annual decrease in December and marked the biggest decline since a 1.1 percent annual decrease in July 2017.

Nominal cash earnings in January rose 0.7 percent from the same period a year earlier, slower than a 0.9 percent annual increase in the previous month, the data showed.

Special payments, which include bonuses, in January rose 9.3 percent on year, following a 1.0 percent annual increase in December.

Overtime pay, a barometer of strength in corporate activity, was unchanged in January from the same period a year ago, versus a 0.6 percent annual increase in December.

At a two-day meeting ending later on Friday, the BOJ is widely expected to maintain its massive stimulus programme and projection that the economy is headed for a moderate expansion..

Falling real wages suggest the central bank's attempts to achieve higher inflation continue to struggle after almost five years of massive money printing.

To view the full tables, see the labour ministry's website at: http://www.mhlw.go.jp/english/database/db-l/index.html

(Reporting by Stanley White; Editing by Jacqueline Wong)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
10:13aIMF INTERNATIONAL MONETARY FUND : Denmark IMF Executive Board Concludes 2018 Article IV Consultation
PU
10:08aSOUTH AFRICAN RESERVE BANK : June 2018 – Note on the flow of funds in South Africa’s national financial account for the year 2017
PU
10:03aHigher oil supply acceptable if justified by demand and agreed by all OPEC - source
RE
10:03aEUROPEAN COMMISSION DIRECTORATE GENERAL FOR TRAD : EU and New Zealand launch trade negotiations
PU
10:03aHAOMA MINING NL : correspondence with Atlas Iron re Haoma Mt Webber Tenement Agreement (June 2018)
PU
10:01aSaudi expects $40 billion foreign fund inflows after MSCI - CMA
RE
09:58aMINISTRY OF WATER RESOURCES RIVER DEVELOPMENT AND : India & Tajikistan agree to enhance mutual cooperation for sustainable water development
PU
09:57aJapan firms make only modest progress in complying with new EU data privacy rules
RE
09:57aJapan firms slow to get compliant with new EU data privacy rules - Reuters poll
RE
09:53aOPEC strives for new deal as Iran still wary of output hike
RE
Latest news "Economy & Forex"
Advertisement