-
Japanese regular pay and bonuses rise in July, offer relief for PM Abe
Japanese summer bonuses rose in July and regular pay grew for the second straight month, government data showed, suggesting some firms are gradually raising wages. Real wages, which are adjusted to reflect changes in consumer prices, slipped in July for the 13th straight month, but the pace of decline slowed from the previous month. Wage earners' special payments, which are predominantly summer bonuses, grew an annual 7.1 percent in July after a revised 2.0 percent gain in June, data from the labour ministry showed. Japanese firms pay summer bonuses between June and August. A ministry official said summer bonuses ... (full story)