Friday, February 25, 2011

Monthly wages in Japan mark 1st rise in 5 years

TOKYO, Feb. 22 (AP) - (Kyodo)—Monthly wages in Japan edged up 0.6 percent from a year earlier to 296,200 yen in 2010, the first rise in five years, on the back of signs of an economic recovery, a survey by the labor ministry said Tuesday.


The wage level, aside from unscheduled payments including overtime, marked the year-on-year increase after posting a record fall the previous year in the wake of the financial crisis, the survey showed. The latest figure is the second-lowest since 1997 and has yet to recover to the 2008 level, the ministry said.

The survey suggested the overall upward trend only emerged at larger corporations with the salaries of regular employees increasing at companies with a workforce of 100 or more but declining at firms with smaller workforces.

The survey in July last year was based on responses from 46,226 concerns that employ at least 10 regular workers.


VOCABULARY:
edged up: go up
in the wake of: as a result of
workforce: total number of workers actively employed in a company


FOLLOW-UP QUESTION:
1. How did the Japanese economy recover from the recession?
2. Is it true that the wage level of the workers in Japan increased?
3. How should Japan maintain this situation? / How should the Japanese economy cope up with the problems it is facing?

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