Japanese salaries begin to creep up

|By:, SA News Editor

Japanese wages have risen for the first time in almost two years, with base pay inching up 0.1% on year in January, although overall pay dropped 0.2%.

Still, the increase in base pay should be encouraging for a government that has been exhorting companies to increase wages as part of the battle against deflation.

The figures come as business and union leaders negotiate salaries for the next fiscal year.

The Nikkei closes +0.4%, while the USD-JPY is +0.4% at ¥101.82.

ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP