News On Japan

Japan Ranks Lowest Among G7 for Gender Pay Gap

TOKYO - Some of Japan’s leading companies are stepping up efforts to tackle the gender pay gap, even as the country continues to rank the lowest among G7 nations on this issue. A new corporate ranking published by Nikkei Cross Woman highlights firms that are actively working to reduce disparities—not by listing companies with zero wage gaps, but by evaluating how seriously they are addressing the root causes and disclosing detailed strategies for change.

The ranking is based on an analysis of financial reports from approximately 1,600 companies. Topping the list is general trading house Sojitz, followed by Sumitomo Mitsui Trust Group and Mitsubishi UFJ Financial Group.

The top-ranked companies are notable not for eliminating the wage gap, but for how openly they explain the gap’s causes and outline concrete steps to narrow it. For example, Sumitomo Mitsui Trust and Mitsubishi UFJ pointed to outdated employment course systems that lead to differing career tracks for men and women. Both companies have started integrating these tracks.

Sojitz, ranked first, has accelerated overseas postings for younger employees. Recognizing that overseas assignments and experience in business subsidiaries are essential in trading company careers, Sojitz aims to provide such opportunities to employees—regardless of gender—before life events like marriage or childbirth may pose barriers. The company also promotes numerous programs supporting women in leadership, resulting in more female board members and executives.

Beyond initiatives, transparency in data disclosure also sets these companies apart. The reports clearly break down average annual wages by gender and job level, identifying precisely where disparities occur. Rather than obscuring the issue, these companies provide detailed analysis and policy responses.

Crucially, these initiatives are not treated as standalone HR policies but are framed as core elements of corporate strategy. Several firms have laid out clear targets: by the 2030s, they aim to have women comprise around 50% of both total employees and managerial positions. These are ambitious goals intended to build a truly inclusive workplace where everyone can thrive regardless of gender.

While such efforts signal positive momentum, Japan as a whole still lags behind. According to OECD data, the average wage index for women compared to men is 88 across member countries. Italy and France exceed 90. Japan, by contrast, remains below 80, the worst among G7 nations.

Experts warn that wide gender pay gaps correlate with lower labor productivity. In turn, reduced productivity may contribute to Japan’s declining birthrate—underscoring the gender wage gap not just as a social issue, but as an economic risk that could threaten future growth.

Asked why the rankings were created, Nikkei editor Maiko Oda said the goal was to recognize companies confronting the issue head-on, rather than those simply avoiding it.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Japan's World Cup campaign begins on June 14 when the Samurai Blue face the Netherlands at Dallas Stadium in Texas, a clash that will showcase some of the game's most talented players and pit two ambitious teams against one another in a crucial Group F opener. While Japan arrives without injured winger Kaoru Mitoma, one of its most recognizable stars, the squad still boasts a wealth of talent drawn from Europe's top leagues.

The Japan Meteorological Agency (JMA) announced that an El Niño phenomenon is believed to have developed this spring, warning that Japan is likely to experience above-average temperatures nationwide this summer despite the climate pattern's traditional association with cooler summers.

Narita International Airport Corporation is expected to announce next month that it will apply to the national government for project certification as part of the process to enable compulsory land acquisition for the construction of a new runway at Narita Airport, according to sources familiar with the matter.

A fire broke out at Arima Inari Shrine near the Arima Onsen hot spring resort area in Kobe on the night of June 9th, destroying multiple buildings and leaving an elderly Shinto priest and his wife with minor injuries.

Japan's national soccer team arrived in Nashville, Tennessee, on June 8th from Monterrey, Mexico, where it had been conducting a pre-World Cup training camp, and held its first practice session at its base camp for the FIFA World Cup in North America.

MEDIA CHANNELS
         

MORE Business NEWS

The Bank of Japan is set to raise its policy interest rate from 0.75% to 1.0% at its monetary policy meeting on June 15th and 16th, a move that could mark another step in the central bank's gradual shift away from ultra-loose monetary policy as inflation remains elevated and the yen continues to weaken.

The contemporary corporate field across Japan is undergoing a profound digital transformation as forward-thinking organizations strive to maintain their market competitiveness in a globalized economy.

Japan's corporate goods prices rose 6.3% in May from a year earlier, marking the fastest pace of increase in more than three years as higher oil and petrochemical costs linked to tensions in the Middle East pushed up wholesale prices.

The Bank of Japan is increasingly expected to raise its policy interest rate to 1.0% at next week's monetary policy meeting, responding to growing concerns that inflation could rise faster than previously anticipated due to soaring oil prices and other cost pressures.

The number of restaurant bankruptcies in Japan reached a record high for the January–May period, highlighting mounting pressures from rising costs, labor shortages, and increasingly cautious consumer spending.

Casio Computer, the company behind some of Japan’s most iconic consumer electronics including calculators, digital cameras, electronic musical instruments, and the G-SHOCK watch, is pursuing a new strategy aimed at reviving its tradition of product innovation.

Nippon Steel plans to invest up to $2.5 billion, or approximately 400 billion yen, over the next three years in the Mon Valley Works steel complex in Pennsylvania, one of the key facilities operated by U.S. Steel, the American steelmaker it acquired in 2025.

Japan's economy grew at an annualized rate of 1.8% in the January–March quarter of 2026, according to revised gross domestic product (GDP) data released by the Cabinet Office, with the figure marked down from the preliminary estimate due largely to weaker-than-expected capital investment.