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.
($1 = 131.5600 yen)
(Reporting by Leika Kihara; Editing by Leslie Adler)
