News Column

Japan July Labor Cash Earnings Growth Quickens Unexpectedly

September 1, 2014

TOKYO (Alliance News) - Total labor cash earnings in Japan grew at a faster rate in July, defying expectations of a slow down, a report from the Ministry of Health, Labor and Welfare showed Tuesday.

Total earnings increased 2.6% year-over-year in July following the revised 1% rise in June. Economists had expected earnings to grow 0.9%.

Contractual earnings climbed 0.9%, after the 0.4% increase in June. Scheduled earnings rose 0.7% in July, which was faster than the revised 0.2% growth in the previous month.

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Source: Alliance News

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