Japan's real wages posted the biggest monthly rise in more than a decade in April as overtime pay and compensation of part-timers rebounded, although the gains were inflated due to the comparison with last year's pandemic-driven fall.
Inflation-adjusted real wages, a key measure of households' purchasing power, rose 2.1per cent in April year-on-year to post their largest monthly gain since July 2010, the labour ministry said on Tuesday.The rise in inflation-adjusted real wages was partly due to a 0.5per cent drop in the consumer price index, as the health crisis caused prices to weaken, as well as a year-on-year rebound in compensation for part-time workers.
Nominal total cash earnings gained 1.6per cent in April from a year earlier, up for the second straight month, following a 0.6per cent rise in March, according to the data.
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