Nominal wages in Japan rose 1.7% in April 2022 from a year earlier, increasing for the fourth straight month. Wages increased mainly in the following industries: mining & quarrying (8.4%), accommodations, eating & drinking services (7.5%), construction (4.2%), information & communications (4.1%) and education & learning support (3.4%). On the other hand, wages decreased in the following industries: compound services (-5.8%), electricity, gas, heat supply & water (-0.6%) and real estate & goods rental (-0.3%). Meanwhile, Japan’s real wages posted the largest drop in four months in April, as a surge in inflation eclipsed the rise in nominal wages and eroded workers’ purchasing power. This highlighted the challenge policymakers face as they seek to soften the blow to Japanese households from rises in global energy and raw material prices that are widely pushing up the cost of food and many other essentials. source: Ministry of Health, Labour and Welfare, Japan
Wage Growth in Japan averaged 3.05 percent from 1972 until 2022, 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 June of 2022.
Wage Growth in Japan is expected to be 3.00 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.