A government panel on Monday agreed on a record hike of 31 yen in the average minimum wage for fiscal 2022 to 961 yen ($7.28) an hour, ending prolonged consultations as Japan battles accelerating inflation amid Russia's war in Ukraine.The figure marks a 3.3 percent increase from the 930 yen in fiscal 2021, keeping the momentum intact for raising the minimum wage for all workers, including part-timers and contract workers.Labor and management representatives on the panel were on the same page over the need for higher pay, but haggled over how much the rise in inflation should be taken into a…READ FULL ARTICLE
