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Japan's average minimum wage set to rise at record pace this year -Nikkei

02 Tháng Tám 2022
Japan's average minimum wage set to rise at record pace this year -Nikkei © Reuters. People wait for change of traffic sign in front of a shop at Ginza shopping district in Tokyo, Japan, May 28, 2022. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) -Japan's average minimum wage is set to rise at a record pace in the current fiscal year ending in March 2023 as global commodity inflation pushes up households' living costs, the Nikkei newspaper reported on Tuesday.

A health ministry committee recommended on Monday that the country's average minimum wage be raised by 31 yen, or 3.3%, from the current level to 961 yen ($7.30) per hour, the Nikkei reported.

The committee, comprising management and labour union representatives as well as academics, makes the recommendation each year that serves as the nationwide standard for minimum wages.

The government sets a goal to raise the median average minimum wage at 1,000 yen or higher "at the earliest date possible."

Boosting wage growth has been a key policy priority for Prime Minister Fumio Kishida, as he seeks to redistribute wealth and cushion the blow to households from rising fuel and food costs blamed on the war in Ukraine.

Japan's core consumer prices rose 2.2% in June from a year earlier, a much slower pace than in many Western economies but remaining above the central bank's target for a third straight month.

($1 = 131.5600 yen)

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09-08-2022 11:30:54 (UTC+7)

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 EUR/USD1.0194Neutral
 GBP/USD1.2081↑ Sell
 USD/JPY134.88↑ Sell
 AUD/USD0.6980↑ Sell
 USD/CAD1.2856Neutral
 EUR/JPY137.49↑ Sell
 EUR/CHF0.9738Buy
 Gold1,802.60↑ Sell
 Silver20.688↑ Buy
 Copper3.5870↑ Sell
 Crude Oil WTI90.58↑ Buy
 Brent Oil96.47↑ Buy
 Natural Gas7.668Neutral
 US Coffee C211.38↑ Sell
 Euro Stoxx 503,757.22↑ Sell
 S&P 5004,140.06↑ Sell
 DAX13,687.69Neutral
 FTSE 1007,482.37↑ Sell
 Hang Seng20,246.00Neutral
 Small Cap 20001,941.21↑ Buy
 IBEX 358,272.50↑ Sell
 BASF44.800Neutral
 Bayer52.95↑ Buy
 Allianz177.84Neutral
 Adidas175.10↑ Buy
 Lufthansa6.751Buy
 Siemens AG109.40↑ Buy
 Deutsche Bank AG8.799↑ Sell
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