May 26, 2022

Exports to China, denominated in dollars from January to April, up 12.5% year-on-year, imports up 7.1%

Exports to China,

According to statistics released by the General Administration of Customs of China on the 9th, exports from January to April were denominated in dollars, up 12.5% ​​year-on-year, and imports were up 7.1% year-on-year.

March Real wages fall 0.2%, prices rise for the first time in 3 months minus = monthly labor statistics

According to the monthly labor statistics (preliminary report) for March released by the Ministry of Health, Labor and Welfare on the 9th, real wages fell 0.2% from the previous year, the first negative figure in three months . The year-on-year rate of change in cash earnings was flat compared to February, but the increase in the consumer price index was reflected.

Total cash earnings in March increased 1.2% year-on-year to 286,567 yen, increasing for the third straight month, the same rate of increase as in February.

Scheduled cash earnings increased 0.5% year-on-year to 247,249 yen, increasing for 5 consecutive months. Non-scheduled cash earnings increased 2.5% year-on-year to 18,801 yen, increasing for 12 consecutive months.

Specially paid salaries such as bonuses and commuter passes increased by 10.7% from the previous year to 20,517 yen, which was a positive for the third consecutive month.

In March, the consumer price index rose 1.5% year-on-year on a 2020 basis, excluding imputed rent for owned homes, up from 1.1% year-on-year in February.

Since January, the monthly labor statistics bulletin has been replaced by the Ministry of Business Surveyed, and due to this effect, the total cash earnings have increased by about 0.4 points from the previous year.