Labour cash earnings in Japan drops 2.4% in June

Market news

4 August 2015

Labour cash earnings in Japan drops 2.4% in June

Japan's Ministry of Health, Labour and Welfare released its labour cash earnings data on Tuesday. Labour cash earnings in Japan dropped at an annual rate of 2.4% in June, after a 0.7% rise in May.

May's figure was revised up from a 0.6% gain.

The decline was partly driven by a fall in bonuses. Bonuses in June plunged 6.5% year-on-year.

Wages, excluding bonuses and overtime, climbed 0.4% in June.

U.S. Stocks open: Dow +0.05%, Nasdaq -0.10%, S&P +0.01%

Before the bell: S&P futures +0.02%, NASDAQ futures -0.08%

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