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In 2024, 720,988 babies were born in the country, marking the ninth consecutive year of decline in child births.
Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the ...
The birth rate plummeted for the ninth consecutive year with more than two deaths for every baby born in 2024. Aware that to ...
Japan's population has been shrinking for 15 years, with huge implications for the country's economy, national defense, and culture. Now, policymakers are working to boost birth rates.
A meaningful and sustainable rise in wages is a key goal for Prime Minister Fumio Kishida, while the Bank of Japan says it’s a crucial factor for normalizing monetary policy. Real wages ...
The Japanese government is likely to establish 1% growth in real wages as its first-ever official target for pay increases, a ...