TOE Alert: Real Wages Fall almost 1% in 2015; Fourth Consecutive Fall

posted by Richard Katz on February 08, 2016

Found in Japan, categorized in Macro

Tags: Richard Katz TOE Japan economy employment

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As the economics news keeps disappointing, a growing number of commentaries from both the government and some of its co-thinkers in the private sector are blaming bad data. The inference is that the reality is not as bad as the data shows.


Key points of this TOE Alert include:
Real wages per worker fell 0.9% in 2015, marking the fourth decline in a row;
One of the most disappointing omens for the future in the December report was the 0.8% fall in nominal bonuses, a harbinger for a disappointing shunto negotiations on overall wages;
Some officials and economists keep blaming the data, rather than look at the reality

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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