News > Japan’s real wages mark biggest drop in 8 yrs

Japan’s real wages mark biggest drop in 8 yrs

Japan’s real wages dropped 3.8 per cent in November 2022, marking the biggest fall in more than eight years and declining for the eighth successive month, the government said in a report on Friday. According to the Labour Ministry, average monthly wages fell 3.8 per cent on an inflation-adjusted basis from a year earlier, with the drop coming as the nation grapples with soaring prices for energy and food, further inflated by a weak yen.