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Ministry Panel Recommends 4.9% Minimum Wage Boost, Supporting BOJ Rate Hike Path

The second-largest increase on record follows strong union negotiations and would lift pay for more than 50 million workers.

Summary by The Japan Times
The new wage floor, which would apply to over 50 million workers, is expected to gradually take effect starting in October.

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  • 50% of the sources are Center, 50% of the sources lean Right
50% Right

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Financial Post broke the news in Toronto, Canada on Wednesday, July 29, 2026.
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