HOME > NATION > Article

Text Size

small

medium

large


(Update) Japan Panel Agrees on 31-Yen Minimum Wage Increase

(Update) Japan Panel Agrees on 31-Yen Minimum Wage Increase

   Tokyo, Aug. 1 (Jiji Press)--A Japanese government panel agreed on Monday to call for a hike of 31 yen, or 3.3 pct, in the weighted average minimum hourly wage in the country for fiscal 2022, apparently considering rising prices.
   The call by the subcommittee of the Central Minimum Wages Council, which advises the labor minister, would raise the average minimum wage to 961 yen per hour.
   The 31-yen hike is higher than the previous year's target of 28 yen, which was the largest since fiscal 2002, when Japan started measuring minimum wages on an hourly basis.
   At the subcommittee, both labor and management representatives had already recognized the need to raise minimum wages to cushion the impact of rising living costs.
   However, the subcommittee had failed to reach an agreement in the past four rounds of talks, with the management side concerned that companies, mainly small firms, cannot afford to raise wages significantly as they are struggling to reflect higher material and other costs in their prices.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
US Attorney General Garland Confirms FBI's Search of Trump's Florida Estate
ECONOMY
Walt Disney Overtakes Netflix in Terms of Streaming Subscribers
SPORTS
Women's Basketball: Japan Defeats Latvia 83-54 in International Friendly
OTHER
Jerry Hall, Rupert Murdoch Finalize Divorce after 6 Years of Marriage

AFP-JIJI PRESS NEWS JOURNAL


Photos