Japan real wages fell every month throughout 2025 as inflation outpaced pay
Japan real wages fell for the twelfth straight month in December to cap a full year of declines. This data is a key factor for future central bank rate hikes.
Japan 
JP's real wages fell 0.1 percent year-on-year in December 2025, marking the 12th consecutive monthly decline according to data released by the Labour ministry. The drop contributed to a 1.3 percent decrease for the full year of 2025, which represents the fourth straight annual decline in inflation-adjusted pay for Japan JP.
JP's real wages fell 0.1 percent year-on-year in December 2025, marking the 12th consecutive monthly decline according to data released by the Labour ministry. The drop contributed to a 1.3 percent decrease for the full year of 2025, which represents the fourth straight annual decline in inflation-adjusted pay for Japan JP.
