Reported 1 day ago
Japan recorded its most significant rise in base pay in 32 years, with salaries increasing by 2.7% in November, leading to a 3% rise in nominal wages. This trend may support the Bank of Japan's potential interest rate hike, contingent on further positive economic indicators. Despite this wage growth, real earnings have declined due to rising inflation, complicating the economic landscape. The upcoming spring wage negotiations are anticipated to yield an average 5% increase, as companies face pressure from a tight labor market.
Source: YAHOO