Nominal wages in Japan rose 2.2% in June 2022 from a year ago, increasing for the sixth straight month and accelerating at the fastest pace in four years. Wages increased mainly in the following industries: construction (12.8%), transport & postal activities (11.8%), accommodation, eating & drinking services (10.9%), information & communication (9.8%) and mining & quarrying of stone & gravel (6.3%). On the other hand, wages decreased in the following industries: electricity, gas, heat supply & water (-8.9%), scientific research, professional & technical (-0.7%) and wholesale & retail trade (-0.4%). Meanwhile, Japan’s real wages fell 0.4% YoY in June, declining for a third straight month as consumer prices rose faster than nominal wages, presenting a challenge to policymakers that are trying to sustain consumers’ purchasing power. source: Ministry of Health, Labour and Welfare, Japan
Wage Growth in Japan averaged 3.05 percent from 1972 until 2022, 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 Average Cash Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Wage Growth in Japan is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Average Cash Earnings YoY is projected to trend around 0.80 percent in 2023, according to our econometric models.