Compensation of Employees in Japan
JPNCOMPQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,094,375,000,000.00
Year-over-Year Change
5.15%
Date Range
1/1/1994 - 1/1/2024
Summary
The Compensation of Employees in Japan measures the total remuneration, in cash or in kind, payable by employers to employees in return for work done during the accounting period.
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
This economic indicator provides insight into the income and purchasing power of Japanese workers, which is a key driver of domestic demand and overall economic growth. It is widely used by policymakers, analysts, and researchers to assess labor market conditions and inflationary pressures.
Methodology
The data is collected by the Cabinet Office of Japan through surveys of businesses and households.
Historical Context
Trends in employee compensation are closely monitored by the Bank of Japan and other authorities to inform monetary and fiscal policy decisions.
Key Facts
- Japan's compensation of employees reached a record high of 305 trillion yen in 2021.
- Employee compensation accounts for over 50% of Japan's gross domestic product.
- The service sector accounts for the largest share of employee compensation in Japan.
FAQs
Q: What does this economic trend measure?
A: The Compensation of Employees in Japan measures the total remuneration, in cash or in kind, payable by employers to employees in return for work done during the accounting period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the income and purchasing power of Japanese workers, which is a key driver of domestic demand and overall economic growth. It is widely used by policymakers, analysts, and researchers to assess labor market conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected by the Cabinet Office of Japan through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Trends in employee compensation are closely monitored by the Bank of Japan and other authorities to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Compensation of Employees in Japan data is released quarterly with a delay of approximately 2-3 months.
Related Trends
Production: Industry: Total Industry Excluding Construction for Japan
PRINTO01JPA657S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Japan
JPNCPGRGO01IXOBM
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Japan
LFUN64TTJPQ647S
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Japan
LRAC25MAJPQ156S
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Japan
ULQECU01JPQ661S
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Japan
NAEXKP03JPQ189S
Citation
U.S. Federal Reserve, Compensation of Employees in Japan (JPNCOMPQDSNAQ), retrieved from FRED.