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Japan to revise wage calculation in GDP; likely also to revise budget based on data errors

Labour Ministry reveals it understated monthly regular wage data from 2004 to 2017 due to inaccurate polling methods

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The data error has caused the Labour Ministry to underestimate payments made under Japan’s employment insurance programme, which includes unemployment benefits for workers.

Tokyo

JAPAN'S government said on Friday it will amend the calculation of workers' compensation in the nation's gross domestic product (GDP) and probably revise its draft budget after it understated wages data for more than a decade due to faulty polling methods.

The revisions are...

sentifi.com

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