Japan's nominal cash earnings declined 3.2 percent year-on-year in December of 2020, the largest decline in twelve years, following a downwardly revised 1.8 percent drop in the prior month. Regular pay, which accounts for the bulk of monthly wages, dropped 0.8 percent after a revised 0.9 drop in the prior month. Meanwhile, special cash earnings dropped 5.4 percent after plunging 12.8 percent in November. Real wages shrank 1.9 percent, after falling a revised 0.7 percent in the previous month. source: Ministry of Health, Labour and Welfare, Japan

Wage Growth in Japan averaged 3.12 percent from 1972 until 2020, reaching an all time high of 35.02 percent in July of 1974 and a record low of -7.10 percent in June of 2009. This page provides - Japan Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Total Cash Earnings Growth - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Wage Growth in Japan is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Japan to stand at 2.50 in 12 months time. In the long-term, the Japan Total Cash Earnings Growth is projected to trend around 1.50 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Japan Total Cash Earnings Growth

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -1.80 35.02 -7.10 1972 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 11:30 PM Sep -0.9% -1.3% 0.2%
2020-12-07 11:30 PM Oct -0.8% -1.3% -0.6%
2021-01-06 11:30 PM Nov -2.2% -0.7% -0.6%
2021-02-08 11:45 PM Dec -3.2% -1.8% -0.7%
2021-03-08 11:30 PM Jan -3.2% -3%
2021-04-05 11:30 PM Feb
2021-05-06 11:30 PM Mar
2021-06-08 11:30 PM Apr


News Stream
Japan Cash Earnings Fall at Sharpest Pace in 12 Years
Japan's nominal cash earnings declined 3.2 percent year-on-year in December of 2020, the largest decline in twelve years, following a downwardly revised 1.8 percent drop in the prior month. Regular pay, which accounts for the bulk of monthly wages, dropped 0.8 percent after a revised 0.9 drop in the prior month. Meanwhile, special cash earnings dropped 5.4 percent after plunging 12.8 percent in November. Real wages shrank 1.9 percent, after falling a revised 0.7 percent in the previous month.
2021-02-08
Japan Total Cash Earnings Fall the Most in 6 Months
Japan's nominal cash earnings declined 2.2 percent year-on-year in November of 2020, the largest decline in six months, following a revised 0.7 percent drop in the prior month. Regular pay, which accounts for the bulk of monthly wages, dropped 0.7 percent after a revised 0.5 drop in the prior month. Real wages shrank 1.1 percent, after falling a revised 0.1 percent in the previous month.
2021-01-07
Japan Cash Earnings Link Seventh Fall
Japan's nominal cash earnings declined 0.8 percent year-on-year in October 2020 after falling an upwardly revised 1.3 percent in September, dropping for the seventh straight month. Regular pay, which accounts for the bulk of monthly wages, increased 0.3 percent after declining 0.3 percent in the prior month. Meanwhile, one-off special payments dropped 7.2 percent, following a 0.6 percent decline in September, while overtime pay contracted 11,7 percent following a 13.5 percent slump. Real wages, a gauge of household purchasing power, shrank 0.2 percent following a 1.4 percent fall.
2020-12-07
Japan Total Cash Earnings Decline for Sixth Month
Japan's nominal cash earnings declined 0.9 percent year-on-year in September 2020 after falling 1.3 percent in August, dropping for the sixth straight month. Regular pay, which accounts for the bulk of monthly wages, increased 0.2 percent after declining 0.3 percent in the prior month. Meanwhile, one-off special payments dropped 8.9 percent, following a 1.1 percent decline in August, while overtime pay contracted 12.0 percent following a 13.5 percent slump. Real wages, a gauge of household purchasing power, shrank 1.1 percent following a 1.4 percent fall.
2020-11-05

Japan Total Cash Earnings Growth
In Japan, wage growth refers to changes in average cash earnings, including contractual and special cash earnings, in companies with five or more employees.