Japan wages data: Inflation adjusted real wages -0.3% y/y

Japanese wages data for November 2024

Total cash earnings +3.0% y/y

• expected +2.7%, prior +2.2%

Overtime pay +1.6% y/y

• prior +0.7%

Base salary, or regular pay, rose 2.7% in November

• fastest increase since 1992

As noted in the headline, inflation-adjusted real
wages fell in November, down 0.3%

• prior -0.4%
• for the fourth straight month

This article was written by Eamonn Sheridan at www.forexlive.com.