TOKYO, July 7 (Reuters) – Japan’s real wages rose 1.4% in May from a year earlier to mark a \u200cfifth month of increases, although the growth rate slowed \u200camid re-accelerating consumer inflation, government data showed on Tuesday. <\/p>\n
\u2022 Average nominal wages – \u200bor total cash earnings – rose 3.2% to 311,165 yen ($1,917.69), slightly slower than a revised 3.6% gain in April. <\/p>\n
\u2022 Coupled with a faster increase in consumer inflation that began to reflect the impact \u200cof the U.S.-Israeli \u2060war on Iran, the real pay gain in May stood at 1.4%, decelerating from April’s revised \u20602% rise. <\/p>\n
\u2022 Workers’ base salaries, or regular pay, climbed 3.0%, following a revised 3.3% gain in April. Overtime pay growth in \u200bMay was \u200b2.9%, down from a revised \u200b4.8% increase in April. <\/p>\n
\u2022 Special \u200cpayments, consisting mostly of one-time bonuses that tend to be volatile outside of summer and winter months, rose 5.2% in May after a revised 10.3% increase for April. <\/p>\n
\u2022 While Japanese companies kept up with an average annual wage hike of \u200cmore than 5% for a third \u200byear, the cost of living will \u200blikely continue to creep \u200bup in the coming months, as rising import \u200ccosts from a weak yen and \u200ban earlier \u200benergy cost spike will spread downstream to consumer items. <\/p>\n
\u2022 The Bank of Japan, which last month raised interest rates \u200bto a 31-year \u200chigh, has said steady wage and price increases are \u200ba prerequisite for another hike. <\/p>\n
($1 = 162.2600 yen) <\/p>\n
(Reporting by Kantaro \u200bKomiya; Editing by Thomas Derpinghaus) <\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO, July 7 (Reuters) – Japan’s real wages rose 1.4% in May from a year earlier to mark…\n","protected":false},"author":2,"featured_media":54145,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[12191,8,33,1312],"class_list":["post-54144","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-consumer-inflation","tag-japan","tag-nihon","tag-real-wages"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/54144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=54144"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/54144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/54145"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=54144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=54144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=54144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}