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Record 87.8 pct of Japanese firms raise wages in 2017: gov’t

  • November 29, 2017
  • , Jiji Press , 6:24 p.m.
  • English Press

 Tokyo, Nov. 29 (Jiji Press) — A record 87.8 pct of Japanese companies raised average salaries for their regular employees in 2017, up 1.1 percentage points from the previous year, a labor ministry survey showed Wednesday.

The figure was highest since comparable data became available in 1999. The average margin of growth in monthly pay per employee was a record 5,627 yen, up from 5,176 yen in 2016.

The share of firms cutting pay came to 0.2 pct, even lower than the previous year’s 0.8 pct, which was the lowest figure on record.

“Corporate earnings and the employment situation are improving,” a ministry official said.

The construction sector, which is struggling to secure workforce, posted the highest increase of 8,411 yen. In the industry, 97.1 pct of the surveyed companies conducted wage hikes.

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