Tokyo proposes record minimum pay increase

Quick Summary:

Japan’s labour ministry has proposed a record increase in the minimum wage for the fourth consecutive year, in a bid to support low-income households amid rising prices.

To expedite progress towards the goal, the government outlined measures in its fiscal and economic policy blueprint last month, including efforts to improve productivity and support for investments in automation.

The 5% increase exceeds the previous year’s 43 yen, marking the highest jump since the government began setting a target for minimum wages in 1978.

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Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: WageIncrease RisingPrices LowIncomeSupport Economy /Business/Business News MinimumWage SmallBusinesses JapanEconomy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 00:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21777458

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