News

Japan Oct inflation-adjusted wages mark first rise since Dec 2016

A Reuters report says Japanese inflation adjusted wages rose 0.2 percent in October from a year earlier, marking their first rise since December 2016 in a sign a tight job market may finally be leading to higher salaries.

Other key points

Wage earners' nominal cash earnings rose 0.6 percent year-on-year, up for a third straight month. 

Special payments, which include bonuses, slipped 0.5 percent year-on-year.

Regular pay, which determines base wages, rose 0.7 percent from a year earlier.

Overtime pay increased 0.2 percent.