Japan's Nominal Wages up Almost 1% in April

posted by Richard Katz on June 04, 2015

Found in Japan, categorized in Macro

Tags: TOE Richard Katz wage Japan economy

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Some analysts look at the evidence behind the April headline numbers, and see a new trend of wage acceleration. Others are more skeptical. We’ve been in the skeptical camp, but prefer to wait a few more months before making a judgment.


While April may have been cruel to Japan in many regards (see Alert of May 29), it was very kind on wage front. Nominal wages per worker were up 0.9% from last April—three times as much as the consensus forecast.

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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