Japan Overtime Pay y/y

Country:
Japan
JPY, Japanese yen
Sector:
Labor
Low -9.3% 4.6%
-6.6%
Last release Importance Actual Forecast
Previous
-9.1%
-9.3%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Overtime Pay y/y reflects a change in extra pays for overtime hours to Japanese employees in the current month compared to the same month a year ago.

The normal duration of a working week in Japan is 40 hours. If an employee works over 40 hours week, the company shall pay overtime to the employee (unless he or she works in a management position). If the company employees works overtime on a regular basis, the company should prepare a separate agreement and provide it to the Labor Standards Inspection Office. The overtime pays in Japan are fixed in accordance with the labor law and depend on the time worked.

However, overtime pay is often not paid fairly in Japan, but many Japanese still do not strike or change jobs, since it is believed among the Japanese society that frequent job change may negatively affect further employment.

In Japan, despite the economic upturn, wages of workers, including overtime pays have been sluggish. Japan used to be called an all-middle-class society, and many people had similar incomes, but the gap has been widening since 2000s. Therefore, the distribution of wage income is a graph with two mountains.

Generally, the growth of wages and overtime pays reflects the economy expansion. However, since these data do not change much in Japan, the impact of the Overtime Pay indicator on national currency quotes is rather small.

Last values:

actual data

forecast

The chart of the entire available history of the "Japan Overtime Pay y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2021
-9.3%
4.6%
-6.6%
Jan 2021
-6.6%
-0.1%
-8.6%
Dec 2020
-8.9%
-11.2%
-10.8%
Nov 2020
-10.3%
-16.7%
-12.0%
Oct 2020
-11.7%
-1.2%
-13.5%
Sep 2020
-12.0%
-22.0%
-13.5%
Aug 2020
-14.0%
-21.2%
-17.1%
Jul 2020
-16.6%
-20.2%
-24.5%
Jun 2020
-24.6%
-28.2%
-26.3%
May 2020
-25.8%
-22.2%
-12.8%
Apr 2020
-12.2%
-3.5%
-4.0%
Mar 2020
-4.1%
-0.1%
-1.8%
Feb 2020
-1.2%
-1.9%
-0.8%
Jan 2020
-1.8%
-2.8%
-2.3%
Dec 2019
-2.6%
0.2%
-2.0%
Nov 2019
-1.9%
0.2%
-0.1%
Oct 2019
0.0%
-1.4%
-0.2%
Sep 2019
0.0%
0.1%
Aug 2019
0.9%
0.1%
Jul 2019
0.6%
-1.0%
Jun 2019
-0.2%
0.9%
May 2019
0.8%
-1.9%
Apr 2019
-1.1%
-1.5%
Mar 2019
-3.1%
-0.2%
Feb 2019
-0.5%
-1.1%
Jan 2019
-1.0%
-1.1%
Dec 2018
-1.0%
0.6%
Nov 2018
1.1%
1.7%
Oct 2018
1.9%
0.2%
Sep 2018
0.4%
1.3%
Aug 2018
1.0%
1.6%
Jul 2018
1.9%
3.5%
Jun 2018
3.5%
2.0%
May 2018
1.6%
1.8%
Apr 2018
1.9%
2.2%
Mar 2018
1.8%
0.4%
Feb 2018
1.0%
0.1%
Jan 2018
0.0%
0.6%
Dec 2017
0.9%
1.9%
Nov 2017
2.6%
-0.1%
Oct 2017
0.2%
0.9%
Sep 2017
0.9%
1.5%
Aug 2017
1.5%
0.1%
Jul 2017
0.1%
-0.2%
Jun 2017
-0.2%
0.7%
May 2017
0.7%
-0.2%
Apr 2017
-0.2%
-1.7%
Mar 2017
-1.7%
0.6%
Feb 2017
0.6%
0.2%
Jan 2017
0.2%
-1.9%

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