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Trading news
9 May 2018
Japanese real wages rise the first time in four months in March
The inflation-adjusted real wages in Japan rose for the first time in four months in March. boosting odds of higher consumer spending in coming months.
Real wages rose 0.8 percent in March from a year earlier, compared to a revised 0.8 percent annual decline in the previous month.
A slowdown in inflation, rises in regular pay and one-off bonus payment, and a decline in the share of low-paid part-timers led to the rebound in real wages, the ministry said, according to Reuters report.
Nominal cash earnings rose 2.1 percent year-on-year in March, the fastest annual gain since June 2003 following a revised 1.0 percent increase in February. Meanwhile, regular pay jumped 1.3 percent in the year to March - the biggest gain since July 1997.