Home Sources: Japan Govt underestimated wage data, seeks additional budget spending – Reuters
FXStreet News

Sources: Japan Govt underestimated wage data, seeks additional budget spending – Reuters

Reuters quoted the Japanese government sources on Thursday, as saying that Japanese workers’ monthly wages were underestimated by 0.6% on average in the 2012-2018 period due to a faulty polling method that came to light recently.

The sources added: “The government is set to revise its budget draft for the next fiscal year starting April 1 by adding 650 million yen ($5.96 million) in spending to make up for a shortfall of employment insurance benefits caused by the wages data errors.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.