Prime Minister Sanae Takaichi has signaled that the minimum wage in Japan might rise more slowly than previously expected.??
A draft of the Basic Policy on Economic and Fiscal Management and Reform, which lays out the government¡¯s economic and fiscal agenda for the coming year, indicates that the deadline for achieving a national minimum wage average of ?1,500 ($9.25) per hour could slip a bit. It has gone from a hard, end-of-the-decade target to more of a flexible goal.
The document, which is set to be approved later this month, raises the possibility that the level sought won¡¯t be reached until next decade.
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