TOKYO : Japan's real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses.The market closely watches wage trends in the world's third largest economy as high pay growth to counter price increas
TOKYO : Japan's real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses.
Inflation-adjusted real wages, a gauge of households' purchasing power, gained 0.1 per cent in December from a year earlier to mark the first rise in nine months, the labour ministry data showed. It matched a 4.8 per cent growth in the consumer price index the ministry uses to calculate the pay in real terms, which includes fresh foods but excludes owners' equivalent rent. The inflation rate was the largest since May 1981's 5.1 per cent.
"Companies usually deliver their biggest bonus payment of a year in December, but this 7.6 per cent is substantial" compared to previous years, said a labour ministry official.
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