Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the ...

Japan has been struggling to cope with a combination of anaemic economic growth and a shrinking population for over 30 years. 2025 marks the tipping point when the rising costs outstrip the country's ...

Wages in Japan rose only 10 percent in nominal terms between 1991 and 2020, trailing well behind the pay increases in other industrialized countries, according to labor ministry calculations.

The mixed wage and spending data highlights Japan's challenging growth outlook, as the export-reliant economy faces tariff threats and uncertainty over monetary policy. Economists are expecting to ...

The government will set a goal of reaching 1% annual gains in real wages by the fiscal year starting in April 2029, according to a policy draft by Prime Minister Shigeru Ishiba’s new capitalism ...

Ukai, a traditional Japanese restaurant near the landmark Tokyo tower, now charges up to 22,000 yen ($156) for its set menu, 24% more than last November. “There’s no doubt rising wages and ...

The mixed wage and spending data highlights Japan's challenging growth outlook, as the export-reliant economy faces tariff threats and uncertainty over monetary policy. Economists are expecting to see ...

Japan's big firms are expected to offer their unions wage hikes of 4.74 percent on average this year, according to a poll of 35 economists conducted on Dec. 23-Jan. 8 by Japan Center for Economic ...

Japan is likely to cover parents ... The health ministry adopted a childcare policy package in 2023 to reverse the declining birth rate by supporting new families financially.

The Japanese government is likely ... a goal of reaching 1% annual gains in real wages by the fiscal year starting in April 2029, according to a policy draft by Prime Minister Shigeru Ishiba ...