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Asian Economic News

Japan Apr Labor Cash Earnings Revised Down

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Japan's total labor cash earnings increased at a slower-than initially expected rate in April after remaining unchanged in the previous month, a final report from the Ministry of Health, Labor and Welfare showed Thursday.

Total earnings rose 0.7 percent year-on-year in April to JPY 273,873, slower than the preliminary estimate of 0.9 percent. April's growth was the highest thus far this year. In March, labor cash earnings remained stable.

Contractual earnings rose 0.4 percent in April, revised downwardly from the 0.5 percent increase estimated previously. Scheduled earnings growth was revised down to 0.4 percent from 0.6 percent.

Total real wage growth was confirmed at 0.1 percent, recovering from the 2.7 percent drop in the preceding month. Total hours worked increased 1.2 percent.

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