Report

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

Report Cover

Headline

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.

Abstract

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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