Japan’s Aeon (retailer) plans to to raise part-time wages by 7% in 2024

New from over the weekend from Japan wage rises in store for the year ahead, this from Aeon:

  • to raise part-time wages by 7% in 2024
  • around 80% of the group’s employees are part-timers
  • the current average hourly wage is ¥1,070
  • planned raise will boost the hourly wage by about ¥75
  • Aeon is also considering increasing pay for about 110,000 regular employees, including through regular salary raises and pay scale hikes

Aeon is a diversified retail holding company. It is one of the largest retail firms in Japan.

the Bank of Japan will be considering tightening monetary policy if it sees wage-driven inflation.

This article was written by Eamonn Sheridan at www.forexlive.com. Source