I can’t wait to never see them like every other time.
A whopping 1%!
Hardly seems like enough.
lol
With sales tax at 10% it’s not going to really help much.
Holy fukballs break out the Freixenet! Here comes the money bishes!
r/NotTheOnion
By the time the government takes it seriously the population will be down to a couple of million. Ffs.
Can’t wait to spend the extra 1% on Premium Friday!
How about 250% per year so we can at least afford rice
Well that’s exciting innit?
What am I doing here..
How about the ¥1.500 gains? I saw the news for a long time already
I wonder if people who make these descions ever stop to think about how it would look. I know none of them really care, but you would think they would *try* to care.
My god a whole 1%? The economy will implode !
There are two types of people in the comments section, those that understand macroeconomics, and those that don’t.
“Man aims to stop shitting in your yard by 2035, citing fears of diminishing toilet paper availability.”
1%😱 wow I can’t think of all the things I can afford to do with that much of extra money 😂
I don’t know how the economy will handle wages keeping up with inflation let alone a whole 1% in REAL growth!
I wish I could say /s but wages just tracking with inflation would be wild.
While I feel like reading an onion news?
People here comment mindlessly – have you all not heard about compounded interest?????? 1% per year is quite a lot of increase. That means if you earn, let’s say 4 million yen, in 5 years you will earn 4.2 million.
If it’s “real” increase the government might even offset inflation then it’s a LOT more!
For reference, in Japan the increase of wages was 3.6% in 2023 but due to inflation the „real wage increase“ actually declined.
So if the government targets „real wage increases of 1%“ we are likely talking 4-7% per year!
Okay, but how? All it says is ‘they will do everything they can’.
The headline is a little misleading.
Real wages are wages adjusted for inflation. This means that Japan is targeting wages not only to match inflation, but also to surpass it within 5 years. I know 1% doesn’t seem impressive, but considering some countries don’t even meet inflation, *cough US cough*, this is a step in the right direction.
This is also relatively significant because inflation has been high in Japan since covid, at an average of about 3% year over year (again, significant since the normal in Japan is around 0.5% y/y). This means Japan is ACTUALLY targeting around 5% nominal wage gains within 5 years. Again may not seem impressive, but you also have to factor that Japan is a hardline conservative country, so any progressive policies are good news.
Cool, in the meantime, I will target middle scholars 🥵
Japanese, please change the ruling party. It won’t miraculously improve things, but at least you’ll be able to take notice of the people.
I think it’s amazing they even care enough to try. My country would never do this.
The tide is turning!
I hope, but doubt, that they focus on people’s incomes – a lot of people, especially the younger generations, aren’t earning a normal salary and may be working multiple jobs. If it’s just the incomes of traditional salarymen, well, those typically go up with age anyway. The government might be able to meet the goal thanks to many corporations shifting to contractors instead of employees. We’ll see.
I do not believe it will happen. I think it far more likely propaganda to get people spending, thinking brighter times are ahead. When good news’ arrival is measured in years in a country where leaders last months, I won’t hold my breath.
29 comments
I can’t wait to never see them like every other time.
A whopping 1%!
Hardly seems like enough.
lol
With sales tax at 10% it’s not going to really help much.
Holy fukballs break out the Freixenet! Here comes the money bishes!
r/NotTheOnion
By the time the government takes it seriously the population will be down to a couple of million. Ffs.
Can’t wait to spend the extra 1% on Premium Friday!
How about 250% per year so we can at least afford rice
Well that’s exciting innit?
What am I doing here..
How about the ¥1.500 gains? I saw the news for a long time already
I wonder if people who make these descions ever stop to think about how it would look. I know none of them really care, but you would think they would *try* to care.
My god a whole 1%? The economy will implode !
There are two types of people in the comments section, those that understand macroeconomics, and those that don’t.
“Man aims to stop shitting in your yard by 2035, citing fears of diminishing toilet paper availability.”
1%😱 wow I can’t think of all the things I can afford to do with that much of extra money 😂
I don’t know how the economy will handle wages keeping up with inflation let alone a whole 1% in REAL growth!
I wish I could say /s but wages just tracking with inflation would be wild.
While I feel like reading an onion news?
People here comment mindlessly – have you all not heard about compounded interest?????? 1% per year is quite a lot of increase. That means if you earn, let’s say 4 million yen, in 5 years you will earn 4.2 million.
If it’s “real” increase the government might even offset inflation then it’s a LOT more!
For reference, in Japan the increase of wages was 3.6% in 2023 but due to inflation the „real wage increase“ actually declined.
So if the government targets „real wage increases of 1%“ we are likely talking 4-7% per year!
Okay, but how? All it says is ‘they will do everything they can’.
The headline is a little misleading.
Real wages are wages adjusted for inflation. This means that Japan is targeting wages not only to match inflation, but also to surpass it within 5 years. I know 1% doesn’t seem impressive, but considering some countries don’t even meet inflation, *cough US cough*, this is a step in the right direction.
This is also relatively significant because inflation has been high in Japan since covid, at an average of about 3% year over year (again, significant since the normal in Japan is around 0.5% y/y). This means Japan is ACTUALLY targeting around 5% nominal wage gains within 5 years. Again may not seem impressive, but you also have to factor that Japan is a hardline conservative country, so any progressive policies are good news.
Cool, in the meantime, I will target middle scholars 🥵
Japanese, please change the ruling party. It won’t miraculously improve things, but at least you’ll be able to take notice of the people.
I think it’s amazing they even care enough to try. My country would never do this.
The tide is turning!
I hope, but doubt, that they focus on people’s incomes – a lot of people, especially the younger generations, aren’t earning a normal salary and may be working multiple jobs. If it’s just the incomes of traditional salarymen, well, those typically go up with age anyway. The government might be able to meet the goal thanks to many corporations shifting to contractors instead of employees. We’ll see.
I do not believe it will happen. I think it far more likely propaganda to get people spending, thinking brighter times are ahead. When good news’ arrival is measured in years in a country where leaders last months, I won’t hold my breath.