Japanese wages are still going backwards after inflation

Japan Japanese FanREUTERS/Eddie Keogh

  • Annual wage growth in Japan has fallen in real terms in each of the past three months.
  • That appears to be impacting household spending which fell heavily in the year to February.
  • Falling real wages are crimping the purchasing power of households, placing downside pressure on consumption and inflationary pressures.

Japan’s unemployment rate currently sits at 2.5%, just off the multi-decade low of 2.4% struck earlier this year.

There’s also no shortage of jobs to fill with the nation’s jobs-to-applicants ratio — simply measuring the number of people seeking work to number of jobs available — also sits just off a multi-decade high at 1.58.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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