Japan’s Suga – Spur consumption by raising minimum wage
|As per Bloomberg report, Japan chief cabinet secretary Suga has welcomed the increase in the minimum wage.
Suga added it is important to spur consumption by raising the minimum wage.
A government advisory panel on Tuesday agreed to recommend raising the country’s average minimum hourly wage by ¥24, or 3 percent, for fiscal 2016.
The increase will bring the average minimum wage to JPY 822 for the year that started in April.
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