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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, and from lawmakers in his own ruling party amid concerns of a political backlash.
Apr 23, 2021 Prime Minister Yoshihide Suga’s plan to boost the minimum wage is facing stiff opposition from small and midsize firms worried about their survival during COVID-19, and from lawmakers in his own ruling party amid concerns of a political backlash. Suga said last month the government aims to raise Japan’s minimum wage, among the lowest in the Group of Seven economies, to ¥1,000 an hour from ¥902 “more quickly.” Suga believes the hike would help support households hit by COVID-19, boost competitiveness and spur inflation, according to government sources. But small...