Japan mulls delaying minimum wage hike

AI Summary

Japan is considering delaying the planned minimum wage hike for fiscal year 2025, despite a 6.3% increase to ¥1,121 per hour in the previous year. The government is assessing the economic impact of wage adjustments amid evolving financial conditions.

Japan's average minimum hourly wages in fiscal 2025, which ended in March, stood at ¥1,121, up 6.3% from the preceding year.