Bonus summer in Japan fell to the lowest level since the global financial crisis even though the monthly salary of workers in the State Sakura continued to rise in three months in a row in September, according to data reported by the Japanese government on Monday (09/11) this. It is ultimately not reduce concerns about the slowing down of wages and private consumption in Japan.
Real wages, adjusted for inflation, rose only 0.5 percent year-on-year in September, up to three third consecutive month. The nominal amount of wages still reflects tame inflation, which is reported as employment data today. While the average summer bonus paid during June to August recorded a number of 356.791 yen, down 2.8 percent from the previous year.
Japanese policymakers to press employers to use cash at their disposal to boost labor costs and capital expenditures because, these efforts will be powering growth and inflation accelerate progress. Japan's total labor income increased 0.6 percent year-on-year in September to 265.527 yen figures and overtime pay go up 1.4 percent.
The report does not mean much for the Yen after subverted by the dollar strengthened against the yen as much as 0.1 percent to 123.25 figure after reaching 123.35 high on Friday after US NFP. USD / JPY this morning still at a high level of 123 327 after the Japanese labor report.
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