(Bloomberg) — Japan will raise its minimum hourly wage by a record 6.3% to ¥1,121 ($7.56), reinforcing the nation’s wage-price cycle and supporting the case for the Bank of Japan to keep hiking rates.

Japan's minimum wage is 798 JPY ($6.52) per hour, lower than many other advanced countries, including the United States, and among the lowest relative to the average wage (see chart). For a country ...

TOKYO (Reuters) - Japan's cabinet on Tuesday approved an updated minimum wage bill, the first major revision in nearly 40 years, as part of the government's efforts to close the gap between between ...

TOKYO, April 23 (Reuters) - Prime Minister Yoshihide Suga's plan to boost the minimum wage is facing stiff opposition from Japan's small and midsize firms, worried about their survival during COVID-19 ...