Real wages declined for the 18th consecutive month, down 2.4% y/y, in September as prices continued to rise.

Hello! We are VeinWorks for Industrial Containers. 

Today, we have some news on rising prices. 


Asahi Shimbun Digital November 7, 2023


※ Image taken from Asahi Shimbun Digital 


Wages have been on the rise, despite inflation concerns. The Ministry of Health, Labor, and Welfare's September labor statistics survey reveals 21 months of consecutive growth in total cash earnings. Summer bonuses have also increased for the second year, and sectors like manufacturing and real estate have seen notable expansion. 


Unfortunately, the increase in prices is outpacing wage growth. Real wages have been declining for 18 consecutive months, and workers' wallets are getting thinner. The consumer price index for September has increased by 3.6%. This is primarily attributed to the soaring prices of energy and food. 


The divergence between wages and prices has become a serious issue. The government and industry need to work on promoting wage increases while striving for price stability. Additionally, workers should pay attention to the trends in their wages and prices.



It is concerning to see the consumer price index is going up in steady pace.

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VeinWorks, a Global Company of Industrial Containers