business

Japan real wages rise in positive sign for consumption

13 Comments
By Tetsushi Kajimoto

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13 Comments
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Wow ! 0.8% ! For me it would be like 1,600 yen ! Thank you so much !!!

Sarcastic mode OFF

5 ( +9 / -4 )

Yep 0.80? How about an 8% reduced tax. I could spend that.

0 ( +4 / -4 )

There's really no incentive for me to work harder at my company. I just have to wait until I age. As I age, my salary goes up automatically.

5 ( +9 / -4 )

@Reckless he retires or dies probably dies then as can you woggal to his old desk on your crutches and be promoted. Ain't live grand.

0 ( +4 / -4 )

A sales tax increase of 3% is offset by a salary increase of 0.8%. And, there is a further increase in sales tax of another 2% next year. I'm not and economist, but there doesn't seem to be much to be getting excited about.

3 ( +8 / -5 )

Labor ministry data showed real wages rose 0.8 percent in March from a year earlier, snapping back from a revised 0.8 percent annual decline in the previous month.

So, it's like plus/minus ZERO! And the government is hoping people don't figure it out!

1 ( +2 / -1 )

There's really no incentive for me to work harder at my company. I just have to wait until I age. As I age, my salary goes up automatically.

The fact its not based on merit is holding back Japan Inc imo.

5 ( +5 / -0 )

Still so backward looking with increasing spending and consumption the only goals over everything else.

More spending/consumption = more resource use = more waste + more earth degradation

Cronic denial still from polititians, economists and us consumers.

1 ( +2 / -1 )

till so backward looking with increasing spending and consumption the only goals over everything else.

Do you go out an spike trees too?

-2 ( +0 / -2 )

A slowdown in inflation, rises in regular pay and one-off bonus payment, and a decline in the share of low-paid part-timers led to the rebound in real wages in March, the ministry said.

And yet what is the only thing the government is nakedly obsessed with? Creating inflation!

Riasing wages, and raising quality of life, were never on the government's agenda. It was inflation -- the devaluing of people's savings and the devaluing of the massive debts that the government owes to the people -- that has always been their aim.. In the beginning they tried to con the public into thinking that inflation would somehow lead to a virtuous circle of increasing spending (despite this tactic having been a disaster for workers and savers every time it has been tried). Then when the economy rebounded without any inflation, and jobs started picking up as price declines ended, Abe and Kuroda just kept on targeting inflation without any pretense that it would be good for anyone. They just ordered their henchmen in the press to use positive terms to describe it and present it as desirable. They really think that little of the people they are supposedly serving.

1 ( +2 / -1 )

Working for a Japanese company as a salary man must really be like "Office Space". There are so many people like Peter Gibbons, that no matter how hard they work they will not see one ¥10 coin in their take home salary. So why bother to give anything extra?

These inflation numbers, employment numbers, aging of society numbers, and populous depleting numbers all work together. There is only one answer. Immigration...if you want inflation, and I am one that does not.

1 ( +1 / -0 )

firms wary of sharing their record profits with workers

Shareholders pay wages to workers, the profits belong to the shareholders.

The workers don’t get the cake of a wage paying job and also to eat the profits too.

Think about what happens when the economy goes south. Do the shareholders get to demand the wages back from the workers? No, it is the shareholders who wear it worst when times are bad.

If workers want shareholder profits they just save money and buy shares themselves too. This is how it works.

-1 ( +0 / -1 )

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