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Japan Oct wages revised up to +0.1 pct year/year

Published 12/15/2008, 10:01 PM
Updated 12/15/2008, 10:05 PM
TTEF
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TOKYO, Dec 16 (Reuters) - Japanese wage earners' total cash earnings rose 0.1 percent in October from a year earlier, revised up from a preliminary reading of a 0.1 percent fall, government data showed on Monday.

In price-adjusted real terms, wages declined 1.9 percent, marking the seventh straight month of year-on-year decline.

Overtime pay, a barometer of the strength of corporate activity, showed a 3.1 percent fall, the same as the initial reading.

The following table shows revised data for monthly incomes in October: ---------------------------------------------------------

OCT OCT OCT SEPT

(revised) (prelim) Payments (yen) yr/yr change (pct) Total cash earnings 275,455 yen +0.1 -0.1 +0.2

Monthly wage 270,843 yen +0.1 -0.1 +0.3

-Regular pay 251,484 yen +0.4 +0.2 +0.6

-Overtime pay 19,359 yen -3.1 -3.1 -3.1

-Special payments 4,611 yen -5.6 -6.2 -4.2 ---------------------------------------------------------

The ministry defines "workers" as 1) those who are employed for more than one month at a firm that employs more than five people, or 2) those who are employed on a daily basis or have less than a one-month contract but had worked more than 18 days during the two months before the survey was conducted at a firm that employs more than five people.

To view the full tables, see the welfare ministry's website: http://www.mhlw.go.jp/english/database/db-l/20/2005re/mk2005re.html (Reporting by Hideyuki Sano)

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