What Is The Minimum Wage In Japan In Us Dollars, Why Is The Japanese Yen So Weak In Comparison To The Dollar Even If Japan Is A Developed Country Quora

The current nationwide average hourly minimum wage in japan is 874 820 at 107 to the usd.

Minimum wage dallas texas 2015. In japan minimum wage depends on the industry and the region. Japans real hourly minimum wage. The minimum wages are set by the minister of labour or the chief of the prefectural labour standards office.

8590 won 75 usd or 86 ppp per hour is the nominal minimum wage in south korea although the real effective comparable minimum wage is higher at 10020 won 9 usd or 10 ppp per hour due to a mandatory weekly paid holiday for people that work more than 15 hours per week a law that is absent in other developed countries. The current nationwide average hourly minimum wage in japan is 874 820 at 107 to the usd. In tokyo for example the statutory minimum wage is currently around 801 an hour.

Minimum wages in japan increased to 902 jpyhour in 2020 from 901 jpyhour in 2019. The lowest minimum wage for a region miyazaki is 4712 us4734 per day and the highest minimum wage for a region tokyo kanagawa osaka is 5465 us5491 per day. Tokyo has the highest minimum wage at 985.

Minimum wages in japan averaged 75484 jpyhour from 2002 until 2020 reaching an all time high of 902 jpyhour in 2020 and a record low of 663 jpyhour in 2002. On july 31st 2019 a government panel proposed increasing the minimum wage to 901 on average exceeding the 900 mark for the first time ever. For example according to the ministry of health labor and welfare the minimum wage in tokyo the highest minimum wage in the country is 1013 yen.

The survey is based on data collected from around 360000 full time company employees aged 20 to 65 who registered with dodas japanese language agent service. The average minimum wage across the whole of japan is 74 us dollars approximately 805 yen although even within japan there are differences depending on the region. Japan operates under a complex system in which the minimum wage varies depending on industry and location or prefecture.

The average annual salary in japan is around 414 million according to a survey by japanese online job search website doda. Facts and statistics about japan japan is a country located in the eastern asia region with a population of 126714000 and an average life span of 807 years. On july 31st 2019 a government panel proposed increasing the minimum wage to 901 on average exceeding the 900 mark for the first time everthis would be an increase of about 31.

There are 15 countries with a higher minimum wage then japan and japan is in the top 8 percent of all countries based on the yearly minimum wage rate.