Brunei Darussalam
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Japan’s real wages down 2.5pc in July

TOKYO (XINHUA) – Japan’s inflation-adjusted real wage index in July fell 2.5 per cent from a year earlier, marking the 16th straight month of decline, as nominal wages continued to underperform price hikes, government data showed recently.

Nominal wages, the average total cash earnings per worker including base and overtime pay, rose by 1.3 per cent to JPY380,656 (about USD2,586) per worker, according to preliminary data released by the Ministry of Health, Labour and Welfare.

Regular pay including basic salary went up 1.6 per cent, and overtime and other non-regular pay increased 0.5 per cent, while special pay including bonuses climbed 0.6 per cent.

The consumer price index (CPI) excluding imputed rent, used to calculate the real wage index, grew by a larger 3.9 per cent, reflecting higher prices for food including eggs and domestic meat, and for accommodation services and other things.