Average cash earnings in Japan stalled in November with a 0.0% change from a year earlier, snapping an eight-month growth streak and missing market expectations for a 0.2% annual increase. The slowdown in cash earnings was due to the increasing share of part-time workers who receive lower pay, a health ministry official said. He added that part-timers accounted for 31.87% of all workers in November, the highest rate since February 2019. The data came days after prime minister Fumio Kishida urged business lobbies and unions to work together to raise workers’ wages, as he aims to achieve a campaign promise of a cycle of economic growth and wealth distribution. Earnings increased mainly in real estate & goods rental (3.7%), accommodations, eating and drinking services (3.3%) and other services (3%); while it decreased mainly in information & communication (-5.2%), scientific research, professional & technical services (-4%) and medical, healthcare & welfare (-3.4%). source: Ministry of Health, Labour and Welfare, Japan

Wage Growth in Japan averaged 3.07 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 Average Cash Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Wage Growth in Japan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Average Cash Earnings YoY is projected to trend around 0.80 percent in 2023, according to our econometric models.

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Japan Average Cash Earnings YoY


Japan Average Cash Earnings YoY
In Japan, wage growth refers to changes in average cash earnings, including contractual and special cash earnings, in companies with five or more employees.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.20 35.02 -7.10 1972 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-06 11:30 PM Oct 0.2% 0.2% 0.7% 0.5%
2022-01-06 11:30 PM Nov 0.0% 0.2% 0.1%
2022-02-07 11:30 PM Dec 0.0%


Related Last Previous Unit Reference
Part Time Employment 7487.00 7374.00 Thousand Nov/21
Full Time Employment 21987.00 22156.00 Thousand Nov/21
Job Vacancies 836.07 802.82 Thousand Nov/21
Wages 316247.00 305183.00 JPY/Month Nov/21
Wage Growth 0.00 0.20 percent Nov/21
Wages in Manufacturing 358684.00 331998.00 JPY/Month Nov/21
Minimum Wages 930.00 902.00 JPY/Hour Oct/21
Retirement Age Women 65.00 63.00 Dec/20
Retirement Age Men 65.00 63.00 Dec/20
Jobs To Applications Ratio 1.15 1.15 Nov/21


News Stream
Japan Cash Earnings Stalls in November
Average cash earnings in Japan stalled in November with a 0.0% change from a year earlier, snapping an eight-month growth streak and missing market expectations for a 0.2% annual increase. The slowdown in cash earnings was due to the increasing share of part-time workers who receive lower pay, a health ministry official said. He added that part-timers accounted for 31.87% of all workers in November, the highest rate since February 2019. The data came days after prime minister Fumio Kishida urged business lobbies and unions to work together to raise workers’ wages, as he aims to achieve a campaign promise of a cycle of economic growth and wealth distribution. Earnings increased mainly in real estate & goods rental (3.7%), accommodations, eating and drinking services (3.3%) and other services (3%); while it decreased mainly in information & communication (-5.2%), scientific research, professional & technical services (-4%) and medical, healthcare & welfare (-3.4%).
2022-01-07
Japan Cash Earnings Rise Less than Expected
Average cash earnings in Japan increased 0.2% in October 2021 from a year earlier, similar to the increase in September but fell short of market expectations for a 0.7% growth. Japan’s wage growth remained weak amid signs that global inflation continued to affect Japanese households, prompting prime minister Fumio Kishida to vow to ensure workers’ wage hikes through tax breaks. Wage growth holds the key to the premier's aim of defeating deflation by reversing a cycle of tame wage growth and weak consumer spending while encouraging Japanese firms to spend their record cash piles on boosting wages and investment. Earnings mainly increased in mining & quarrying (11.5%), accommodations (3%) and wholesale & retail trade (2.1%), while earnings decreased in education (-2.4%), finance & insurance (-1.6%) and medical & health care (-1%).
2021-12-07
Japan Cash Earnings Rise the Least in 3 Months
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.
2021-11-09