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Japan Sept wage earnings revised down to -0.6 pct

Thu Nov 15, 2007 10:40pm EST
 
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 (Reuters plans to reduce its table for wage earners' total cash
earnings as the information is available in English on the
issuing agency's Web site, which we will continue to provide
links to. If you have queries about this change, contact Yoko
Nishikawa yoko.nishikawa@reuters.com)
 TOKYO, Nov 16 (Reuters) - Japanese wage earners' total cash
earnings fell 0.6 percent in September from a year earlier,
revised government data showed on Friday, underscoring a lack of
inflationary pressures from wages in Japan.
 Total cash earnings fell to 273,008 yen ($2,479).
 An initial reading reported late last month showed a 0.5
percent fall.
 The decline in total cash earnings, which include overtime
pay, monthly wages and special payments, came after a rise in
August, which was the first year-on-year gain in nine months.
 Many Japanese companies, remembering the pain of business
restructuring over the past decade, have been reluctant
to increase wages.
 The following table shows revised data on September monthly
income, with year-on-year percentage changes:
 ----------------------------------------------------------
                                  SEPT  SEPT PRELIM  AUG
 Payments (yen)                       yr/yr change (pct)
 Total cash earnings   273,008 yen   -0.6    -0.5      +0.6
Monthly wage        268,991 yen   -0.3    -0.3       0.0
 -Regular pay       249,620 yen   -0.4    -0.4      -0.2
 -Overtime pay       19,371 yen   +1.3    +1.4      +1.2
 -Special payments    4,017 yen  -10.3    -7.7     +12.8
 _________________________________________________________
 To view the full tables, please go to the Web site of the
Ministry of Health, Labour and Welfare at:
here 
 (Reporting by Hideyuki Sano)



 

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