Arab Today, arab today japans monthly wages down for 18th straight month
Last Updated : GMT 12:21:06
Arab Today, arab today
Arab Today, arab today

Japan's monthly wages down for 18th straight month

Arab Today, arab today

Arab Today, arab today Japan's monthly wages down for 18th straight month

Japanese workers
Tokyo - QNA

Inflation-adjusted monthly wages in Japan fell 1.4 per cent in December, marking the 18th consecutive month of declines despite improved corporate earnings, the government said Wednesday.
The figure followed a 2.7-per-cent fall in November and a 3.0-per-cent decline in October, Japan's Labour Ministry said in a preliminary report.
The nation's average monthly wages dropped sharply after the government raised sales tax to 8 per cent in April from 5 per cent.
For 2014, average monthly wages were down 2.5 per cent, the second-largest decline after a 2.6-per-cent fall in 2009, amid an upturn in inflation due to the tax increase and aggressive monetary easing steps introduced by the Bank of Japan, the ministry said.

 

 

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