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 ...

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.

A meaningful and sustainable rise in wages is a key goal for Prime Minister Fumio Kishida, while the Bank of Japan says it’s a crucial factor for normalizing monetary policy. Real wages ...

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 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 ...

That suggests discussions may have touched upon Japan's monetary policy, as both wages and prices are key to the timing and pace of further interest rate hikes by the BOJ. Sources have told ...

With continuing dialogues planned, both countries seem poised to address exchange rate issues alongside other reciprocal trade matters. The backdrop of this, shaped by President Trump's trade deficit ...

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 panel ...