Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Japan
Monthly
JPNWSCNDW01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.58
Year-over-Year Change
-12.07%
Date Range
1/1/1955 - 3/1/2024
Summary
The 'Monthly' economic trend measures Japan's nominal wage index, a key indicator of labor market conditions and consumer purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The nominal wage index tracks changes in the average monthly cash earnings of workers in Japan. This data is used by economists and policymakers to analyze wage growth, labor market tightness, and the potential for inflationary pressures.
Methodology
The data is collected through surveys of businesses and establishments across Japan.
Historical Context
Monitoring wage trends is crucial for the Bank of Japan and other institutions in setting appropriate monetary and fiscal policies.
Key Facts
- Japan's nominal wage index has risen by an average of 0.5% annually over the past decade.
- Wages account for over 50% of total household income in Japan.
- The Bank of Japan closely monitors the wage index as a leading indicator of inflation pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures Japan's nominal wage index, which tracks changes in the average monthly cash earnings of workers across the country.
Q: Why is this trend relevant for users or analysts?
A: Wage growth data is crucial for understanding labor market conditions, consumer purchasing power, and potential inflationary pressures in the Japanese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments across Japan.
Q: How is this trend used in economic policy?
A: The Bank of Japan and other policymakers closely monitor the wage index to help set appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The wage index data is released monthly with a typical 2-3 week lag.
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Citation
U.S. Federal Reserve, Monthly (JPNWSCNDW01IXOBSAM), retrieved from FRED.