Reported 3 months ago
Japan's labor market remained tight in June, with the unemployment rate falling to 2.5% and a growth of 370,000 workers, particularly among women. This shortage has led companies to offer significant wage increases exceeding 5% during spring negotiations, the highest in decades. The labor ministry's proposed minimum wage increase of 5% further reflects the pressure on wages. As the labor situation tightens and smaller companies face challenges in hiring, analysts expect ongoing upward pressure on wages, which could influence the Bank of Japan's monetary policies.
Source: YAHOO