TOKYO : Japan's inflation-adjusted real wages rose in June for the first time in 27 months and nominal pay gained at the strongest pace in 27 years, led by higher bonuses as more firms increase wages.
FILE PHOTO: Employees of seafood restaurants work at Tsukiji Outer Market in Tokyo, Japan, February 15, 2024. REUTERS/Issei Kato/File PhotoTOKYO : Japan's inflation-adjusted real wages rose in June for the first time in 27 months and nominal pay gained at the strongest pace in 27 years, led by higher bonuses as more firms increase wages.
Real wages grew 1.1 per cent in June, rising for the first time in 27 months, after a revised 1.3 per cent slip in May, data from the labour ministry showed. Special payments rose 7.6 per cent in June, after a revised 0.1 per cent growth in the previous month, thanks to firms increasing wages amid a labour shortage.
Japanese firms agreed to raise monthly pay by 5.10 per cent on average this year, the biggest gain in 33 years.General employees' regular pay increased 2.7 per cent for the month, rising at a record pace.
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