Japan’s base pay rises by most in 31 years
Japan’s base pay rises by most in 31 years
Category
🗞
NewsTranscript
00:00Average base pay for Japanese workers increased to 2.5% in May, the fastest pace in 31 years.
00:07However, inflation-adjusted real wages declined for a record 26 consecutive months as rising
00:14commodity prices and weakening yen increased the cost of imports, complicating the Bank
00:19of Japan's efforts to normalize monetary policy.
00:23The increase, which exceeded a revised 1.6% gain in April, was due to significant increases
00:29in monthly compensation that were agreed upon by labor and management during annual
00:35labor negotiations.