According to the latest March Monthly Labour Statistics Survey released by the Japanese Ministry of Health, Labour and Welfare, real wages excluding the impact of price fluctuations increased by 1.0% year-on-year, marking the third consecutive month of growth.
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The nominal average cash wage per person was 317,254 yen (approximately 13,763.7 RMB), up 2.7%. The regular wage, which is equivalent to the base salary, was 271,313 yen (approximately 11,770.6 RMB), an increase of 3.2%. This marks the first time since October 1992 that the growth rate has remained above 3% for three consecutive months. The wage increases and minimum wage hikes resulting from the 2025 spring labor-management negotiations are spreading.
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