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 ...

The government said Thursday it expects wage growth in Japan to outpace the ... "a world with interest rates" following the Bank of Japan's policy rate hikes. In addition to raising the minimum ...

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 ...

NAGOYA--Bank of Japan ... wage-driven inflationary pressure to heighten, as the economy continues to improve and companies keep hiking pay," he said, adding the focus for the BOJ's monetary policy ...

Japan's inflation-adjusted wages fell in August after two months of increases during the summer bonus season, while household spending also declined, data showed on Tuesday, knocking chances of ...

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 ...

Japan's largest labour union group ... out specific measures by next spring to achieve his policy goal of raising the average minimum wage by 42% by the end of the decade. The government plans ...

The Bank of Japan hiked ... bringing its policy rate to the highest level since 2008, as it seeks to normalize its monetary policy amid signs of sustained inflation and rising wages.

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 ...

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 ...