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This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
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 ...
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 .
As a side effect, the Japanese yen has become extremely weak, hitting a 37.5-year low of 161 yen/USD in July 2024. [ 84 ] [ 85 ] Furthermore, the real effective exchange rate in May 2024, when the 2020 average is set at 100, is 68.65, the lowest level since the start of the Bank of Japan statistics in January 1970, due to a combination of low ...
Mortgage and refinance rates for Jan. 7, 2025: Average rates inch higher, pushing 30-… Finance. NBC Universal. Japanese steelmaker vows not to give up on buying US Steel. Food. Food. People.
In 2011, the yen/dollar rate is 79.8 (average), valuing Japan's nominal 2011 GDP figure of 468.1 trillion yen, [1] at US $5.87 trillion or 37.9 trillion yuan (at 6.4588/dollar). That is less than the revised 2011 figure for China of 47.16 trillion yuan. [ 2 ]
3. Increase 401(k) Contributions. If you want to save more money for the future, consider increasing your 401(k) contribution percentage. The minimum amount you should be saving is enough to earn ...