Japan's Household Income Gap Remains Wide in 2017: Survey
Newsfrom JapanPolitics Economy
Tokyo, Sept. 6 (Jiji Press)--The income gap between Japanese households remained wide in 2017 after reaching the highest level on record in the previous survey in 2014, the Ministry of Health, Labor and Welfare Ministry said Friday.
The gap in initial income per household, as measured by the Gini coefficient, a key yardstick of income inequality, stood at 0.5594 in 2017, down 0.011 point from 2014. Initial income does not include public pension and other social security benefits.
The number is expressed between zero and one, with a number closer to one meaning a wider gap. The survey has been conducted roughly every three years since 1962.
The latest survey was held between July and August 2017, covering 8,645 households. Valid responses were received from 51.1 pct.
The gap shrank 0.0038 point to 0.3721 after redistribution, or after tax and social insurance premiums are subtracted from initial income and social security benefits are added.
[Copyright The Jiji Press, Ltd.]