View full page at forexfactory.com

 

Japan’s Private Sector Salaries Fall for Second Consecutive Year

From nippon.com

According to a National Tax Agency survey regarding private sector wages, the average annual salary in 2020 fell by 0.8% from the previous year to ¥4,331,000, declining for the second year running. A breakdown of the figures showed that while wages and allowances increased by 0.7% to ¥3,685,000, the average bonus shrank by 8.1% year-on-year to ¥646,000. There was a reduction in bonuses across a wide range of industries, but particularly in accommodation and food services, due to businesses having to close or operate shorter hours during the pandemic, which pushed down the total overall. Bonuses are always affected by ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis