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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 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 .
List of countries by average wage; List of American countries by average wage; List of European countries by average wage; One-dollar salary; The average salary in India in 2020. U.S. average salaries by sector
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 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]
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 238 ] [ 239 ] [ 240 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
The most active year so far was 2017 with over 3,150 deals, but only a total value of US$114 billion (see graph "M&A in Japan by number and value"). [citation needed] Here is a list of the most important deals (ranked by value in US$ [billion]) in Japanese history: [citation needed]