Japan’s inflation-adjusted real wages tumbled the most in nearly four years in March, government data showed, dashing hope that household income and spending may offset external headwinds.
Real wages fell 2.5
Monthly wage data showed nominal total cash earnings in March fell 1.9
A labour ministry official said the big drops from a year earlier might have been caused in part by sampling changes.
Revelations earlier this year that labour ministry officials used faulty polling methods that caused revisions cast doubts on wage data issued by the ministry from 2004 to 2017.
Regular pay, which accounts for the bulk of monthly wages, dropped an annual 0.9
One-off special payments fell 12.5
Overtime pay, a barometer of strength in corporate activity, declined 3.1
The labour ministry said in January it used faulty polling methods in compiling monthly wage data – which covers about 33,000 firms – and had failed to accurately depict the actual strength of
The error has made it harder to gauge the trend for wages.