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Japan Sets Record Minimum Wage Hike as Path to 1,500 Yen Goal

TOKYO, Aug 05 (News On Japan) - Japan's national average hourly minimum wage for this fiscal year has been set at 1,118 yen, marking a record increase of 63 yen from the previous year.

On August 4th, discussions were held to determine the minimum wage for the current fiscal year, resulting in a nationwide average target of 1,118 yen per hour. This represents a 6% increase from last year, or 63 yen in monetary terms—surpassing last year's rise and setting a new record for the largest increase.

The government aims to raise the minimum wage to 1,500 yen sometime during the 2020s.

Source: TBS

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