Japan summer bonuses up, July overtime pay rises

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TOKYO, Aug 31 (BestGrowthStock) – Japanese wage earners’ total cash
earnings rose 1.3 percent in July from a year earlier, boosted by
gains in overtime pay and summer bonuses in a sign that solid
corporate activity was gradually spreading to households.

Overtime pay, a barometre of strength in corporate activity,
increased 12.1 percent, data from the health ministry showed on
Tuesday. [JPOVRT=ECI]

Special payments, predominantly summer bonuses, climbed 3.5
percent from a year earlier, increasing for the month of July for
the first time in four years.

The following table shows preliminary data for monthly
incomes and numbers of workers in July:
————————————————————

JULY JULY JUNE
Payments (yen) yr/yr change (pct)
Total cash earnings 367,815 yen +1.3 +1.8*
Monthly wage 263,602 yen +0.5 +0.5*
-Regular pay 245,443 yen -0.3 -0.2
-Overtime pay 18,159 yen +12.1 +12.2*
-Special payments 104,213 yen +3.5 +4.1*
———————————————————
Number of workers (million)
Overall 44.298 mln +0.4 +0.2
-general employees 31.977 mln -0.2 -0.4*
-part-time employees 12.321 mln +2.0 +2.0*
———————————————————
*denotes a revision from preliminary data.

The ministry defines “workers” as 1) those who are employed
for more than one month at a firm that employs more than five
people, or 2) those who are employed on a daily basis or have
less than a one-month contract but had worked more than 18 days
during the two months before the survey was conducted at a firm
that employs more than five people.

To view the full tables, see the labour ministry’s website
at: http://www.mhlw.go.jp/english/database/db-l/index.html
(Reporting by Kaori Kaneko; Editing by Edmund Klamann)

Japan summer bonuses up, July overtime pay rises