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Japan Minimum Wage Hike Expected to Shrink amid Virus Crisis

Japan Minimum Wage Hike Expected to Shrink amid Virus Crisis

   Tokyo, June 26 (Jiji Press)--A Japanese government panel that annually decides a recommended minimum wage hike is expected to set a smaller increase for fiscal 2020 than in recent years as the novel coronavirus epidemic takes its toll on the economy.
   The Central Minimum Wages Council held a meeting Friday to begin discussions for the year, after minimum wages were raised by about 3 pct in the past four years. This time, some industry groups are calling for a freeze on wage hikes amid the epidemic.
   "There is a need to consider the impact of the novel coronavirus on the labor economy," Hosei University professor Hiroyuki Fujimura, who chairs the labor ministry panel, said at the meeting.
   The comment came after Prime Minister Shinzo Abe instructed the panel to take the severe business circumstances of small companies into consideration when determining a recommended hike for fiscal 2020.
   The average minimum hourly wage stood at 901 yen among the 47 prefectures of the country in fiscal 2019, up 27 yen from the preceding year.

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AFP-JIJI PRESS NEWS JOURNAL


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