Real wages in Japan fell for the 11th consecutive month.

VTV.vn - Data released by the Japanese government shows that real wages in the country decreased by 2.8% in November 2025 compared to the same period last year.

Japanese yen. Photo: AFP/VNA

This marks the 11th consecutive month of decline and the sharpest drop since January of last year, as wage growth continues to lag behind rising prices.

According to Japan's Ministry of Health , Labour and Welfare, although nominal wages rose 0.5% to 310,202 yen (US$1,980), this figure still failed to keep pace with the 3.3% increase in consumer prices. As a result, real wages for workers, adjusted for inflation, continued to decline.

High food and energy prices have kept real wages – a key measure of consumer purchasing power – in negative territory for nearly a year, despite nominal wages rising for 47 consecutive months. The pace of nominal wage growth slowed from the 2.5% (adjusted) increase in October, primarily due to a 17% decline in special income.

The Bank of Japan (BoJ) will closely monitor wage negotiations this coming spring. This is considered a key indicator for the BoJ in deciding the pace of future interest rate hikes, after raising interest rates to their highest level in 30 years last month.

Source: https://vtv.vn/tien-luong-thuc-te-nhat-ban-giam-thang-thu-11-lien-tiep-100260108173329316.htm