Those for fiscal 2016 onward are based on continuing observations following the sample revisions. Figures for the CPI exclude the effects of the consumption tax hikes from 1997. Figures for fiscal 2022 are those for 2022/Q2. The figure for nominal wages for 2022/Q2 is the April-May average.
Sources: Ministry of Internal Affairs and Communications; Ministry of Health, Labour and Welfare; Japanese Trade Union Confederation (RENGO); Japan Business Federation (Keidanren); Nikkei Inc.  10■