Japan Apr wage earnings revised up but growth tame

Mon Jun 16, 2008 10:01pm EDT
 
[-] Text [+]
 (For more on Japan's economy, click [ID:nECONJP])
 TOKYO, June 17 (Reuters) - Japanese wage earners' total cash
earnings rose 0.8 percent in April from a year earlier, revised
data showed on Tuesday, a smaller increase than in March and
pointing to tame wage gains despite rising inflation.
 The revised figure compared with a preliminary 0.6 percent
rise and followed a 1.5 percent increase in March. [JPOVRT=ECI]
 It was the fourth straight month of increase in cash
earnings, which include overtime pay, monthly wages and special
payments. Cash earnings came to 281,700 yen ($2,603).
 Many companies, remembering the pain of business
restructuring over the past decade, have been reluctant to
increase wages.
 The following table shows revised data on April monthly
income, with year-on-year percentage changes:
 ----------------------------------------------------------
                                   APR  APR PRELIM   MAR
 Payments (yen)                        yr/yr change (pct)
 Total cash earnings   281,700 yen    +0.8   +0.6      +1.5
Monthly wage        274,121 yen    +0.7   +0.5      +1.1
 -Regular pay       253,445 yen    +0.7   +0.5      +0.8
 -Overtime pay       20,676 yen    +0.8   +0.7      +4.0
 -Special payments    7,579 yen    +4.7   +6.1      +8.9
 __________________________________________________________
 To view the full tables, please go to the Web site of the
Ministry of Health, Labour and Welfare at:
here
 (Reporting by Leika Kihara; Editing by Chris Gallagher)























 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better