Financial News: Japan Real Wages Decline At Fastest Pace Since

Japan Real Wages Decline At Fastest Pace Since 2023

07/07/2025 - 00:46:00 (RTTNews)

(RTTNews) - Japan's real wages logged its biggest fall in 20 months in May, data released by the Ministry of Health, Labor and Welfare showed on Monday.

Inflation-adjusted real wages decreased 2.9 percent year-on-year in May, which was sharper than the 2.0 percent fall in April. Moreover, this was the fastest drop since September 2023 and also marked fifth consecutive fall.

At the same time, annual growth in average labor cash earnings halved unexpectedly to 1.0 percent from 2.0 percent a month ago. A similar slower growth was last reported in March 2024. Economists had forecast wage growth to improve to 2.4 percent.

The slowdown in average labor cash earnings was due to the 18.7 percent fall in special payments. Scheduled payments grew at a steady pace of 2.1 percent and overtime pay climbed 1.0 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Two-Year Note Auction Attracts Above Average Demand (02 hr(s), 01 min(s), 05 sec(s) ago)
(RTTNews) - The Treasury Department kicked off this week's series of announcements of the resu ...Full Story»

U.S. Consumer Confidence Index Edges Lower In August (04 hr(s), 53 min(s), 05 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Tuesday showing a modest deterioration by ...Full Story»

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected (05 hr(s), 04 min(s), 05 sec(s) ago)
(RTTNews) - Reflecting a continued plunge by orders for transportation equipment, the Commerce Dep ...Full Story»

U.S. Durable Goods Orders Tumble Less Than Expected In July (06 hr(s), 28 min(s), 05 sec(s) ago)
(RTTNews) - Reflecting a continued plunge by orders for transportation equipment, the Commerce Dep ...Full Story»

Hong Kong Trade Gap Widens In July (08 hr(s), 32 min(s), 05 sec(s) ago)
(RTTNews) - Hong Kong's foreign trade deficit increased in July from a year ago as imports gre ...Full Story»

French Consumer Sentiment Weakest Since 2023 (09 hr(s), 51 min(s), 05 sec(s) ago)
(RTTNews) - France's consumer confidence weakened to the lowest level since October 2023 large ...Full Story»

Poland Jobless Rate Rises To 5-Month High (09 hr(s), 55 min(s), 05 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased further in July to the highest level in five ...Full Story»

Taiwan Industrial Output Grows Strongly; Retail Sales Fall Further (10 hr(s), 24 min(s), 05 sec(s) ago)
(RTTNews) - Taiwan's industrial production continued to expand sharply in July, while retail s ...Full Story»