© Reuters. FILE PHOTO – Employees of a supermarket called Akidai work at a store in Tokyo, Japan, January 20, 2023. Reuters/Issei Kato
By Kantaro Komiya and Kaori Kaneko
TOKYO (Reuters) – Japan’s wages rose in April, government data showed on Tuesday, as workers demanded more wages to keep up. Inflation, with companies raising wages at the fastest pace in three decades.
Wage data for April provided Bank of Japan Governor Kazuo Ueda said the end of easing will depend on the economy achieving sustainable 2% inflation and rising wages, which is An early glimpse of the impact of the spring labor negotiations, or “spring fights.”
Gross cash earnings, or nominal wages, rose 1.0% in April from a year earlier, Labor Department data showed. The increase was down from a revised 1.3 percent gain in March, suggesting that official statistics will take more time to fully reflect Chundou’s gains.
Inflation-adjusted real wages fell 3.0%, marking the 13th straight month of year-on-year declines, as nominal wage growth lagged relentless consumer inflation.
Separate data showed that Japanese household spending fell 4.4% in April to 2.3% from a year earlier, beating consensus expectations for a decline. On a seasonally adjusted basis, household spending fell 1.3% from the previous month, compared with expectations for a 0.6% increase.
