It is uncertain whether the government will be able to achieve the goal, also reflecting persistent uncertainty surrounding the global economy due to the high tariff policy of US President Donald Trump.
In fiscal 2024, nominal monthly wages per worker, including base salary and overtime, rose 3.0 % to 349,388 yen on average, up for the fourth successive year and marking the steepest increase in 33 years, thanks to the results of the shunto wage talks and higher minimum wages.
Still, the county’s real wages failed to outpace inflation as the consumer price index, excluding imputed rent, used to calculate real wages, grew 3.5 %.
AloJapan.com