Japan April Wages: Basic Wage Increases Stably

Japan's nominal wage growth accelerated to 3.5% yoy in April, with real wages maintaining positive territory for the fourth consecutive month at 1.9%.

Key Takeaways

• 1.Nominal cash wage growth accelerated to +3.5% yoy in April, up from +3.1% in March.
• 2.Real wages were positive for the fourth consecutive month, rising +1.9% yoy in April.
• 3.Basic wage growth for full-time workers on a 'same sample' basis reached +2.6% yoy in April.

Table of Contents

• Japan: April Wages: Basic Wage Increases Stably; Real Wages Positive for Fourth Consecutive Month
• KEY NUMBERS
• MAIN POINTS
• Disclosure Appendix