TOKYO, Nov. 29 (Xinhua) — Companies in Japan have raised or plan to boost the typical month-to-month pay per worker by a report 3.2 %, or 9,437 yen (64 U.S. {dollars}), in 2023, an annual authorities survey has proven.
The hike, which adopted the earlier yr’s improve of 1.9 %, or 5,534 yen (38 U.S. {dollars}), was the largest since comparative figures started in 1999, in line with the survey by the Ministry of Health, Labor and Welfare on Tuesday.
The ministry performed the survey from July 20 via Aug. 10 on corporations with 100 or extra workers, receiving legitimate responses from 1,901 corporations.
The proportion of corporations that already raised common common wages or plan to take action this yr reached 89.1 %, the very best since 2019, the outcomes confirmed.
The building sector led the best way, adopted by manufacturing, whereas the transportation and postal industries had the smallest variety of corporations elevating pay, adopted by the lodging and restaurant sectors, in line with the survey.
High costs and labor shortages led extra corporations to boost wages, a ministry official mentioned.