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1.3 Net average monthly salary ... average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as ...
The gross average monthly wage estimates for 2023 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using ...
Average gross salary. ¥429,501 / US$3,267.16 ... the impact of these sharp falls in the value of the currency had turned the Japanese yen into a junk currency. ...
The new average national minimum wage was expected to take effect around October 2023. [ 5 ] As of early October 2023, the lowest minimum wage in Japan exists in the Iwate Prefecture at ¥893 an hour (6.03 U.S. dollars), while the highest minimum wage is in Tokyo at ¥1,113 an hour (7.51 U.S. dollars).
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
The rise in income inequality in Japan arguably contributed to the election of the Democratic Party of Japan in 2009, which promised to reduce socio-economic inequalities through policies such as an expanded welfare system. [28] Despite these problems, the average standard of living in Japan remains amongst the highest in the world. [29]
In 2021 the average annual work-hours dropped to 1633.2, slightly higher than 2020's 1621.2. Overall between 2012 and 2021, the average working hours' drop was 7.48%. [7] The average Japanese worker is mandated to have ten to twenty days of paid holidays per year, depending on the number of continuous years worked at the company. [8]
In the June 2012 bonus period, according to a survey of wives, their husbands' average after-tax summer bonus fell 65,000 yen from a year earlier to 611,000 yen, the lowest since the survey began in 2003, according to Sompo Japan DIY Insurance Company. [4]