Japan’s Matsuno Proposes a JPY1000 Minimum Wage Increase

On Thursday, Japan’s Chief Cabinet Secretary, Hirokazu Matsuno, said that the government is willing to increase the average minimum labor wage to 1,000 yen. Because, as previously, the average minimum labor wage on an hourly basis is just JPY900.

June 02, 2022 - 10:55 AM 252 views

Japan’s Matsuno Proposes a JPY1000 Minimum Wage Increase

Market News

© Japan’s Matsuno Proposes a JPY1000 Minimum Wage Increase

Free Enquiry Now

On Thursday, Japan’s Chief Cabinet Secretary, Hirokazu Matsuno, said that the government is willing to increase the average minimum labor wage to 1,000 yen. Because, as previously, the average minimum labor wage on an hourly basis is just JPY900.

There has been no further information released on the subject.

The Market Reaction

When last seen, the USD/JPY currency pair was trading at 130.11 points, which remained unchanged for a day. The rise in the pair was fueled by fresh strength in the US dollar and rising Treasury yields.

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here