On the other hand, the total number of employees is boosted by the increase in non-regular employees; consequently, nominal employee income – which is calculated by multiplying nominal wages by the number of employees – has been increasing moderately at around 1 percent on a year-on-year basis (Chart 1).
Considering that the recent movements toward raising base pay will likely increase scheduled cash earnings from this summer, and that a rise in base pay, should it be realized, will positively affect non-scheduled cash earnings and special cash earnings, it is natural to think that nominal employee income will increase at a somewhat  BIS central bankers’ speeches  1  accelerated pace.