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FOCUS: Japan Political Parties Competing over Minimum Wage Hike
Tokyo, July 11 (Jiji Press)--Many Japanese political parties are competing over the sizes of growth in minimum hourly wages they proposed as campaign pledges for the House of Councillors election on July 21.
All of them aim to raise the average minimum wage to at least 1,000 yen, against the current average of 874 yen in the country. At issue is how fast their targets should be achieved.
At a meeting of the Central Minimum Wages Council on July 4, labor minister Takumi Nemoto, a member of the ruling Liberal Democratic Party, called on the advisory body to discuss ways to "realize the national average of 1,000 yen at an early date."
The LDP's campaign platform says it will raise the average minimum wage by 3 pct each fiscal year to achieve the 1,000-yen target.
In fiscal 2016-2018, the wage grew 3 pct annually as planned by the government. With this pace, the target will be achieved in fiscal 2013.