Japan Real Wage y/y

Country:
Japan
JPY, Japanese yen
Sector:
Labor
Low 0.2% 1.2%
-0.6%
Last release Importance Actual Forecast
Previous
-0.5%
0.2%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Real Wage y/y is calculated as the ratio of the Nominal Wage Index to the Consumer Price Index, and thus it reflects the amount of goods and services which can be purchased for the nominal wage, i.e. it reflects the real purchasing power of the nominal wage. The index shows a percentage change in the real wage in the current month compared to the same month a year ago.

For the indicator calculation, nominal wage data is collected from the Monthly Labor Survey conducted by the Ministry of Health, Labor and Welfare among companies with 5 or more employees.

Against an inflationary increase, real wages can drop even if nominal wages grow. A decrease in the index value indicates a decrease in the purchasing power of the population. Reduced consumption, in turn, is seen as a negative factor for the national economy. Therefore, the index decrease can negatively affect the Japanese yen quotes, while the index growth is seen as positive for the national currency.

Last values:

actual data

forecast

The chart of the entire available history of the "Japan Real Wage 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
0.2%
1.2%
-0.6%
Jan 2021
-0.1%
-1.3%
-1.7%
Dec 2020
-1.9%
-2.4%
-0.7%
Nov 2020
-1.1%
0.9%
-0.1%
Oct 2020
-0.2%
-1.1%
-1.4%
Sep 2020
-1.1%
-0.4%
-1.4%
Aug 2020
-1.4%
-1.6%
-1.8%
Jul 2020
-1.6%
-0.3%
-2.1%
Jun 2020
-1.9%
-1.6%
-2.3%
May 2020
-2.1%
-1.1%
-0.8%
Apr 2020
-0.7%
0.3%
-0.3%
Mar 2020
-0.3%
-0.6%
0.2%
Feb 2020
0.5%
2.5%
0.4%
Jan 2020
0.7%
-0.4%
-1.1%
Dec 2019
-0.9%
-1.2%
-0.6%
Nov 2019
-0.9%
-0.1%
-0.4%
Oct 2019
0.1%
0.4%
0.2%
Sep 2019
0.6%
-0.5%
Aug 2019
-0.6%
-1.7%
Jul 2019
-0.9%
-0.5%
Jun 2019
-0.5%
-1.3%
May 2019
-1.0%
-1.4%
Apr 2019
-1.1%
-1.9%
Mar 2019
-2.5%
-1.0%
Feb 2019
-1.1%
-0.7%
Jan 2019
1.1%
1.1%
Dec 2018
1.4%
0.8%
Nov 2018
1.1%
-0.1%
Oct 2018
-0.1%
-0.1%
Sep 2018
-0.4%
-0.7%
Aug 2018
-0.6%
0.5%
Jul 2018
0.4%
2.5%
Jun 2018
2.8%
1.3%
May 2018
1.3%
-0.2%
Apr 2018
0.0%
0.7%
Mar 2018
0.8%
-0.8%
Feb 2018
-0.5%
-0.6%
Jan 2018
-0.9%
-0.3%
Dec 2017
-0.5%
0.1%
Nov 2017
0.1%
-0.1%
Oct 2017
0.2%
-0.1%
Sep 2017
-0.1%
-0.1%
Aug 2017
0.1%
-1.1%
Jul 2017
-0.8%
-0.1%
Jun 2017
-0.8%
0.0%
May 2017
0.1%
0.0%
Apr 2017
0.0%
-0.3%
Mar 2017
-0.8%
0.0%
Feb 2017
0.0%
-0.1%
Jan 2017
0.0%
0.1%

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview