Japan's nominal cash earnings declined 1.3 percent year-on-year in August 2020 after an upwardly revised 1.5 percent fall in July, dropping for the fifth straight month. Regular pay, which accounts for the bulk of monthly wages, edged down 0.1 percent after growing 0.2 percent in the prior month. Meanwhile, one-off special payments dropped 4.0 percent, following a 2.7 percent decline in July, while overtime pay contracted 14.0 percent following a 17.1 percent slump. Real wages, a gauge of household purchasing power, shrank 1.4 percent following a 1.8 percent fall.

Wage Growth in Japan averaged 3.15 percent from 1972 until 2020, 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 Total Cash Earnings Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministry of Health, Labour and Welfare, Japan

Wage Growth in Japan is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Japan to stand at 0.30 in 12 months time. In the long-term, the Japan Total Cash Earnings Growth is projected to trend around 0.50 percent in 2021, according to our econometric models.

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Japan Total Cash Earnings Growth

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -1.30 35.02 -7.10 1972 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-06 11:30 PM May -2.1% -0.7% -1.1% -0.5%
2020-08-06 11:30 PM Jun -1.7% -2.3% -1.0%
2020-09-07 11:30 PM Jul -1.3% -2% -1%
2020-10-08 11:30 PM Aug -1.3% -1.5% -0.9%
2020-11-05 11:30 PM Sep -1.3% 0.2%
2020-12-07 11:30 PM Oct


News Stream
Japan Total Cash Earnings Fall for Fifth Month
Japan's nominal cash earnings declined 1.3 percent year-on-year in August 2020 after an upwardly revised 1.5 percent fall in July, dropping for the fifth straight month. Regular pay, which accounts for the bulk of monthly wages, edged down 0.1 percent after growing 0.2 percent in the prior month. Meanwhile, one-off special payments dropped 4.0 percent, following a 2.7 percent decline in July, while overtime pay contracted 14.0 percent following a 17.1 percent slump. Real wages, a gauge of household purchasing power, shrank 1.4 percent following a 1.8 percent fall.
2020-10-08
Japan Total Cash Earnings Fall 1.3% YoY
Japan's nominal cash earnings declined 1.3 percent year-on-year in July 2020 after an upwardly revised 2.0 percent fall in June. Regular pay, which accounts for the bulk of monthly wages, rose 0.3 percent after growing 0.4 percent in the prior month. Meanwhile, one-off special payments dropped 2.4 percent, following a 2.5 percent decline in June, while overtime pay plummeted 16.6 percent following a 24.5 percent slump. Real wages, a gauge of household purchasing power, shrank 1.6 percent following a 2.1 percent fall.
2020-09-07
Japan Cash Earnings Fall for Third Month
Japan's nominal cash earnings declined 1.7 percent year-on-year in June 2020 after an upwardly revised 2.3 percent decline in May. Regular pay, which accounts for the bulk of monthly wages, rose 0.6 percent after remaining unchanged in the prior month. Meanwhile, one-off special payments dropped 2.4 percent, following a 10.7 percent plunge in May, while overtime pay plummeted 24.6 percent following a 26.3 percent drop. Real wages, a gauge of household purchasing power, shrank 1.9 percent following a 2.3 percent fall.
2020-08-06
Japan Wages Fall Most in 5 Years
Japan's nominal cash earnings declined 2.1 percent year-on-year in May 2020, falling at the steepest pace since June 2015 amid the coronavirus pandemic. Regular pay, which accounts for the bulk of monthly wages, rose 0.2 percent after a 0.1 percent increase in the prior month. Meanwhile, one-off special payments plunged 11.3 percent, following an 8.5 percent surge in April, while overtime pay plummeted 25.8 percent, the most since comparable data became available in January 2013. Real wages, a gauge of household purchasing power, shrank 2.1 percent, the most in five years.
2020-07-06

Japan Total Cash Earnings Growth
In Japan, wage growth refers to changes in average cash earnings, including contractual and special cash earnings, in companies with five or more employees.