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Wages
Following the changes in workers wages is an important factor to overall inflation. As salaries increase, consumers spend more, and thereby exert upward pressure on retail prices. Higher wages also improve consumer sentiment and bolster overall economic growth.
Main Indicator: Average Cash Earnings y/y
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 1.2% | 1.2% | 1.5% | 1.3% | ||
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For March
Provided by: Ministry of Health, Labor and Welfare |
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Table of Past Data
| 7/1 | 7/30 | 9/2 | 9/30 | 10/30 | 12/2 | 1/30 | 3/2 | 3/30 | 4/30 | ||
| Actual | -0.6% | -1.1% | -1.9% | 0.1% | -0.5% | 0.0% | -1.9% | 1.0% | 1.3% | 1.2% | |
| Forecast | -0.2% | 0.1% | -0.5% | 0.2% | 0.0% | -0.1% | 0.0% | 0.6% | 1.2% | ||
| Previous | -0.2% | -0.2% | -0.9% | -1.7% | 0.6% | -0.6% | 0.1% | -1.7% | 1.0% | 1.5% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.3% | |
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 1.3% | 0.6% | 1.0% | N/A | ||
|
For February
Provided by: Ministry of Health, Labor and Welfare |
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|
Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.0% | -1.7% | N/A | ||
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For January
Provided by: Ministry of Health, Labor and Welfare |
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|
Actual | Forecast | Previous | Revised Form | |
| -1.9% | -0.1% | 0.1% | N/A | ||
| For December | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.0% | -0.6% | N/A | ||
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For October. Wages failed to rise in October, limiting extra consumer spending. This data suggests that domestic demand is not yet ready to offset the losses that the economy will feel if there is a significant dropoff in US exports. |
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|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.2% | 0.6% | N/A | ||
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For September Down 0.5% from September 2006, Average Japanese Earnings was Y273,144. Wages have been declining since last year for almost every month. According to Japan's Labor Ministry, part-time workers jumped 3.6%, while full-time workers only increased 0.8%, suggesting a shift of demand in workforce composition. |
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|
Actual | Forecast | Previous | Revised Form | |
| 0.1% | -1.7% | N/A | |||
| In August, the average monthly cash earnings and including bonuses of an average Japanese employee edged up 0.1% from a year ago, to 283,236 yen, breaking 9 straight month's a flat or declining earnings readings. Excluding bonuses, earnings eased 0.1%. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -1.9% | -0.5% | -0.9% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -1.1% | 0.1% | -0.2% | N/A | ||
| In the 7th straight month of decrease, cash earnings dropped to 465, 174 yen in June, according to the Ministry of Health, Labor and Welfare. Excluding bonuses, the base salary dropped 0.1% from last June, marking the 14th consecutive monthly drop. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.6% | -0.2% | -0.2% | N/A | ||
| In May 2007. the regular employee earns 274,091 yen per month, 0.6% lower then the May 2006 rate, according to the provisional report by the Ministry of Health, Labour and Welfare of Japan. The real wage index decreased 0.6% as well. Monthly work hours increased 0.9% to 147.5. | |||||