Japan's wages up 1.5% in June, 4th straight month of rise

14:55, August 02, 2010      

Email | Print | Subscribe | Comments | Forum 

Japan's wages at companies with at least five employees rose 1.5 percent in June from a year earlier to 437,677 yen for the fourth straight month of increase, as employers had staff work more hours instead of adding to payrolls, the Health, Labor and Welfare Ministry said in a report on Monday.

Overtime pay climbed 11.6 percent to 17,587 yen as large corporations begin to show sign of a turnaround this earnings season, while summer bonuses and other special payments rose 3.3 percent to 173,851, ministry said.

"Recent increases in overtime pay reflect the economic recovery, " Maruyama, a senior economist at Itochu Corp., said before Monday ' s report. "But companies are holding off on meaningfully increasing personnel costs until the economic outlook becomes clearer, he said.

Scheduled pay, including basic salaries, shed 0.2 percent to 246,239 yen, marking for the 23rd successive month of fall as firms continue to restrict scheduled pay amid economic uncertainty.

Actual overtime worked in the recording month increased from 9. 2 percent to 9.6 hours and in the manufacturing sector particularly, an important economic indicator, overtime leapt 43.7 percent to 13.5 hours, the ministry said.

Source: Xinhua

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion