Japanese Panel Agrees on ¥25 Minimum Wage Increase (News)
Tokyo, July 26 (Jiji Press)—A Japanese government advisory panel agreed Tuesday to propose raising mandatory hourly minimum wages by ¥25 on average in fiscal 2017.
The rate of increase for the year that started in April matches the government's target of around 3%.
The proposal by a subcommittee of the Central Minimum Wages Council, which advises the labor minister, will raise hourly minimum wages to ¥848 on national average if implemented.
The ¥25 hike is the same as in the previous year and is the largest ever.
Minimum wages are the lowest hourly amounts that companies have to pay to workers.[Copyright The Jiji Press, Ltd.]