Japan’s average minimum wage set to rise at record pace this year -Nikkei
2022.08.02 02:02
People wait for change of traffic sign in front of a shop at Ginza shopping district in Tokyo, Japan, May 28, 2022. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) – Japan’s average minimum wage is set to rise at a record pace in the current fiscal year ending in March 2023 as global commodity inflation pushes up households’ living costs, the Nikkei newspaper reported on Tuesday.
A health ministry committee recommended on Monday that the country’s average minimum wage be raised by 31 yen, or 3.3%, from the current level to 961 yen ($7.30) per hour, the Nikkei reported.
The committee, comprising management and labour union representatives as well as academics, makes the recommendation each year that serves as the nationwide standard for minimum wages.
($1 = 131.5600 yen)
