Record Rise in Japan's Minimum Wage

TOKYO, Jul 25 (News On Japan) - The national average minimum wage for this fiscal year has been set at 1,054 yen per hour, with the increase of 50 yen marking the largest ever.

The subcommittee of the Central Minimum Wage Council, comprising representatives from both labor and business sectors, has determined this year's minimum wage hike at a record 50 yen.

Currently, the national average minimum wage stands at 1,004 yen per hour. If all prefectures follow the guideline, it will rise to 1,054 yen.

This year's discussions focused on whether the increase would surpass last year's 43 yen hike, which brought the national average above 1,000 yen for the first time.

The final deliberations, which began at 2 p.m. on July 23, were temporarily suspended due to significant differences between labor and business representatives, and resumed at 10 a.m. on July 24.

The minimum wage, the lowest hourly rate companies are required to pay workers, varies by region, with Tokyo having the highest at 1,113 yen and Iwate the lowest at 893 yen, a gap of 220 yen.

The proposed guideline aims to reduce regional disparities by uniformly increasing the minimum wage by 50 yen across all prefectures.

Each prefecture will now refer to this guideline to decide their revised minimum wage, which is expected to take effect in October.

Previously: Japan's Minimum Wage Talks Delayed After Deadlock

Source: ANN

World's Largest E-Scooter Service Announces Full-Scale Japan Entry

Lime, the world’s largest electric scooter-sharing service, has announced a collaboration with a major insurance company to pursue a full-scale entry into the Japanese market.

Man Suspected of Abducting 3 Girls, 1 Dead

A man was arrested in Higashi-Osaka for allegedly abducting three girls, one of whom has died, with around 80 empty medicine shells discovered in his home.

Prince Hisahito Becomes Adult Imperial Family Member at 18

Prince Hisahito, the eldest son of Japan's Crown Prince and Crown Princess Akishino, turned 18 on September 6, officially becoming an adult member of the Imperial family.

Former Olympic Skateboard Venue to Open as Public Sports Park

The Ariake Urban Sports Park, which will open next month at the former Tokyo Olympic skateboarding site, was previewed Thursday ahead of its official opening on October 12.

Japan's Real Wages Increase for Second Month

The total cash earnings received by workers in Japan increased by 3.6% in July compared to last year, marking the second consecutive month of positive growth in real wages after adjusting for inflation.

MEDIA CHANNELS

MORE Business NEWS

Toyota Restarts Production of Three Models Following Certification Scandal

Toyota Motor Corporation has resumed production of three car models, including the Yaris Cross, after a three-month suspension due to certification irregularities, the company announced on September 4.

Fukuoka Minimum Wage Increases by 51 Yen, Reaches Record 992 Yen

The Fukuoka Prefectural Labor Bureau under the Ministry of Health, Labor and Welfare announced a 51-yen increase in the minimum wage for Fukuoka Prefecture, bringing the hourly wage to 992 yen, marking the largest increase to date.

Rice Shortage Triggers Price Hike in Packaged Rice Products

The shortage of rice is causing prices to increase, and this is affecting packaged rice products, which are known for their long shelf life.

Sources: Seven & i sees buyout price from Canadian firm as too low

Sources say Japanese retail giant Seven & i Holdings has decided it cannot accept a takeover bid from a Canadian firm at this point, as the buyout price is too low to match its corporate value. (NHK)

Japan's Real Wages Increase for Second Month

Tokyo Bank Introduces Controversial 50 Year Loan

Buying a home is often considered the biggest purchase of one’s life. A mortgage is essential, with the standard repayment period being 35 years. However, Keiyo Bank has caused a stir by becoming the first regional bank in the Tokyo metropolitan area to introduce a 50-year mortgage plan.

Why Foreign Tourists Are Causing Losses for Japan's Credit Card Companies

The increase in inbound tourists has led to growing financial burdens for Japan’s credit card industry. When cards issued overseas are used at domestic stores, Japanese companies must pay fees to foreign issuers, resulting in annual losses estimated to reach 30 billion yen.

New Initiative to Tackle Ridesharing Gaps

Japan's Minister of Land, Infrastructure, Transport and Tourism Saito has expressed his intention to establish a new organization for public-private collaboration in ridesharing aimed at resolving the issue of 'transportation gaps,' areas where securing transportation options is challenging.

< 2 3 4 5 >