Average cash earnings in Japan rose by 0.2 percent year-on-year in September 2021, and after a downwardly revised 0.6 percent rise in August. This was the weakest rise in wage growth since June, amid signs that global cost-push inflation began to affect Japanese households. earnings mainly increased in mining & quarrying (14.4%), construction (2.4%), utilities (0.7 percent), manufacturing (1.7%), transport (0.3%), wholesale & retail trade (0.8%), real estate and leasing (3.5%), services (3.3%), and compound services (4.0%). In contrast, earnings fell in information (-1.1%), accommodations (-4.0%), finance & insurance (-3.0%), and education (-1.3%). Regular pay, meantime, went up 0.3% yoy, rising for the ninth month in a row. Overtime pay, a barometer of strength in business activity, grew 4.4% yoy in September. Special payment fell 2.3% yoy. source: Ministry of Health, Labour and Welfare, Japan
Wage Growth in Japan averaged 3.08 percent from 1972 until 2021, 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 November of 2021.
Wage Growth in Japan is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.