BUSINESS / Economy

Japan’s minimum wage might not budge much if corporate fears prevail

Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly. | JIJI

By Kazuaki Nagata
STAFF WRITER

Jul 17, 2024

Japan is between a rock and a hard place on its minimum wage.

Households desperately need a big raise, while smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.

When a labor ministry panel convenes sometime over the next few weeks to determine the new level, it might end up splitting the difference and leaving almost everyone disappointed.

Japan’s minimum wage might not budge much if corporate fears prevail

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