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.