Thursday, May 1, 2008

Japan Employment and Wages March 2008

Japan's wages rose for a third month in March as companies hired full-time workers at the fastest pace in almost 16 years. Total cash earnings, including overtime and bonuses, climbed 1.2 percent from a year earlier, the Labor Ministry said in Tokyo today.In part this increase seems to reflect bonuses and overtime, since if we look at the real wage index this dropped back again at a minus 0.1

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