Japan Sets Goal of 1,000-Yen Minimum Wage

Politics

Tokyo, June 21 (Jiji Press)--The Japanese government updated its basic economic and fiscal policy and its growth strategy on Friday with the aim of introducing an average minimum wage of 1,000 yen soon, against the current average of 874 yen.

The new basic policy also calls for helping people in their mid-30s to mid-40s, called the "employment ice age" generation, find full-time jobs.

Meanwhile, the government stopped short of including painful social security reform measures in its new policy, ahead of a triennial House of Councillors election this summer.

"We maintain the basic stance of putting economic recovery first," Prime Minister Shinzo Abe said at a joint meeting of the Council on Economic and Fiscal Policy and the Council on Investments for the Future.

Abe declared that the government will make an all-out effort to implement the policy.

[Copyright The Jiji Press, Ltd.]

Jiji Press