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2 months ago | 
businessmirror.com.ph | Erica Yokoyama |Keiko Ujikane
Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japan’s latest rate hike decision and keeping the bank on track for further tightening steps. Nominal cash earnings for workers climbed 4.8 percent in December from a year earlier, up from a revised 3.9% gain in November, the labor ministry said Wednesday. The reading exceeded economists’ consensus forecast and marked the largest jump since 1997. The strong gain was driven by a jump in bonuses.
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2 months ago | 
bloomberg.com | Erica Yokoyama |Keiko Ujikane
Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japan’s latest rate hike decision and keeping the bank on track for further tightening steps. Nominal cash earnings for workers climbed 4.8% in December from a year earlier, up from a revised 3.9% gain in November, the labor ministry said Wednesday. The reading exceeded economists’ consensus forecast and marked the largest jump since 1997. The strong gain was driven by a jump in bonuses.
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2 months ago | 
ca.finance.yahoo.com | Erica Yokoyama |Keiko Ujikane
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2 months ago | 
bloomberg.com | Erica Yokoyama |Keiko Ujikane
The number of foreign workers in Japan reached a new high, underscoring the country’s growing reliance on people from overseas to address its chronic labor shortage. Japan had a record 2.3 million foreign workers as of October 2024, marking a 12.4% increase from the previous year, according to labor ministry figures released Friday. The number of businesses employing at least one foreign worker also hit a record high of around 342,000, up 7.3% from a year ago, the report showed.
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2 months ago | 
ca.finance.yahoo.com | Erica Yokoyama |Keiko Ujikane
(Bloomberg) -- The number of foreign workers in Japan reached a new high, underscoring the country’s growing reliance on people from overseas to address its chronic labor shortage. • None How the 2025 Catholic Jubilee Is Reshaping Rome• None Trump Paves the Way to Deputize Local Police on ImmigrationJapan had a record 2.3 million foreign workers as of October 2024, marking a 12.4% increase from the previous year, according to labor ministry figures released Friday.
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Oct 17, 2024 | 
yahoo.com | Yoshiaki Nohara |Keiko Ujikane
(Bloomberg) -- Japan’s key inflation gauge slowed in September for the first time in five months, ahead of a central bank meeting later this month where the board is widely expected to keep the interest rate unchanged. Most Read from BloombergConsumer prices excluding fresh food rose 2.4% from a year earlier, decelerating from 2.8% in August as government utility subsidies softened the impact of ongoing inflation, according to the Ministry of Internal Affairs Friday.
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Sep 1, 2024 | 
japantimes.co.jp | Erica Yokoyama |Keiko Ujikane
Japanese businesses boosted investment in the second quarter of the year, reaffirming signs of confidence that the economy is recovering slowly with the help of an uptick in domestic demand-led activity. Capital expenditure on goods excluding software rose 1.9% in the three months through June from the previous quarter, the Finance Ministry reported Monday.
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Jul 7, 2024 | 
japantimes.co.jp | Erica Yokoyama |Keiko Ujikane
Japanese workers’ base salaries jumped the most since 1993, an encouraging sign that the underlying pay trend may start to support consumption and enable the Bank of Japan to raise interest rates again. Base pay increased 2.5% in May from a year ago, the fastest growth since 1993, outpacing the 1.9% gain in the headline figure, the labor ministry reported Monday.
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May 23, 2024 | 
japantimes.co.jp | Toru Fujioka |Keiko Ujikane
Japan’s inflation cooled for a second month while staying above the Bank of Japan’s price target as the yen’s recent depreciation fuels concerns that cost-push inflationary pressures may be here to stay. Consumer prices excluding those for fresh food rose 2.2% in April from a year earlier, the internal affairs ministry said Friday. The reading matched analysts’ estimates. The gauge stayed at or above the BOJ’s 2% target for a 25th month.
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Apr 18, 2024 | 
japantimes.co.jp | Erica Yokoyama |Keiko Ujikane
Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as board members get ready to revise their price forecasts next week. Consumer prices excluding fresh food rose 2.6% in March from a year ago, cooling from February’s 2.8% gain, the internal affairs ministry reported Friday. The reading compared with the consensus estimate of 2.7%.
