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June wages edge down 0.6%

TOKYO —

Average wages at Japanese companies with at least five employees inched down 0.6% in June from a year before to 463,013 yen for the first year-to-year drop in six months, the government said Thursday. The Health, Labor and Welfare Ministry attributed the fall to a 1.5% fall to 192,535 yen in bonus and other special payments.
   
Of the total wages, scheduled pay, such as basic salary, totaled 251,177 yen, unchanged from a year earlier, the ministry said. Nonscheduled wages such as overtime pay rose 0.1% to 19,301 yen. Overtime hours worked in the manufacturing sector, a key indicator of manufacturing activity, fell 3.7% for the third consecutive monthly drop.

© 2008 Kyodo News. All rights reserved. No reproduction or republication without written permission.

2 Comments

  • some14some at 06:11 PM JST - 31st July

    Only in Japan, in other asian countries wages are going up. Perhaps that is the reason sales in jpn have been depressed for so many years.

  • westurn at 09:13 PM JST - 31st July

    Why the conflicting data here ? I mean which is it ???

    "Average wages at Japanese companies with at least five employees inched down 0.6% in June from a year before to 463,013 yen"

    OR:

    "Of the total wages, scheduled pay, such as basic salary, totaled 251,177 yen"

    So which is it ??? Average monthly salarys are 463,013 yen a month or... 251,177 ???

    I mean, is this article trying to say that there are sooooo many companies with less than 5 employees that they drag the national average down from 463,000 to 251,000 ??? How 'bout some clarification out there !

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