In 2003, the national minimum wage in Japan remained fixed at €924.2 per month, that is 11,090 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Japanese yen, which is the official currency in Japan, we can see that, this year, it was 114,963.3 Japanese yen and accordingly, the national minimum wage has been raised 563.3 Japanese yen per month from the previous year, 0.49%. This increase is greater than the CPI of 2002 which was -0.3%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Japan is in 9 nd place of the 72 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Japan. You can see NMW in other countries in National Minimum Wage 2003 and see all the information about this country in Japan economy.