April 17, 2013

Average annual wage for workers in Japan peaked in 1997 according to survey

"the average annual wage for workers in Japan has been decreasing since it peaked in 1997. Statistics from the National Tax Agency shows that it fell by about ¥450,000 from 2001 to ¥4.09 million in 2011. This suggests that the decline in wage levels is responsible for the long period of deflation."

Time for base wage increases
Japan Times
March 18, 2013

No comments:

Post a Comment