Shaded areas indicate economic expansion periods. 2. The CPI figures are adjusted for changes in the consumption tax rate. 3. Figures for nominal wages are scheduled cash earnings (establishments with 30 or more employees). Sources: Ministry of Health, Labour and Welfare; Ministry of Internal Affairs and Communications; Cabinet Office, etc.
6  Chart 7  Current Recovery Phase Software Investment (Tankan)  Nominal Wages 3.5  y/y % chg.  180  All industries  170  Scheduled cash earnings (full-time employees)  3.0  FY 2005 = 100  Accommodations, eating & drinking services 160  2.5  Hourly scheduled cash earnings (part-time employees)  Construction  150  2.0  Retailing  140  1.5  130  1.0  120 110  0.5  100 0.0  90 -0.5  80  -1.0 08  09  10  11  12  13  14  15  16  17  70 FY 05  06  07  08  09  10  11  12  13  14  15  Notes: 1.