Japan labor cash earnings remain flat for second month

Market news

2 July 2013

Japan labor cash earnings remain flat for second month

Japan's total labor cash earnings stayed unchanged for a second consecutive month in May, preliminary figures from the Labor Ministry showed Tuesday.

Total wages in May amounted to JPY 267,567. Wages have been falling almost steadily since May 2012.

Regular pay declined 0.2 percent from a year earlier in May, while special cash earnings rose 4.5 percent. Contractual cash earnings were down 0.2 percent from last year. Overtime pay slipped 0.1 percent.

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