Japan real wages fall in March, marking 2 years of decline

TOKYO : Japan's inflation-adjusted real wages in March fell 2.5 per cent from a year earlier, marking declines for two straight years, labour ministry data showed on Thursday.

Japan is seeing early signs of achieving a positive cycle of rising wages and inflation. Workers' earnings, however, are still lagging behind rising costs, underscoring the challenges policymakers face in getting companies to boost salaries. Nominal wages, or an average total cash earnings per worker, grew 0.6 per cent to 301,193 yen , slowing from 1.4 per cent seen in February.

Of the total cash earnings, regular pay that determines basic salary rose 1.7 per cent, while overtime pay fell 1.5 per cent, down fourth months in a row.Major Japanese firms have offered more than 5 per cent increase in workers' monthly pay at this year's annual labour talks, a level unseen in roughly three decades.

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