Japan to allow wages to be paid into digital wallets from April

Japan is planning to start allowing companies to pay wages to digital payment apps like PayPay and Rakuten Pay from April, the labor ministry said Wednesday, in a bid to promote cashless payments as a way to stimulate the economy. The maximum balance of such digital wallets will be set…

Ministry panel proposes record ¥31 hike of Japan’s minimum wage

Amid inflation’s increasing impact on consumers, a labor ministry panel proposed a record hike of ¥31 for the nation’s average hourly minimum wage on Monday. The proposal follows tough talks between management and labor representatives on the panel, with both sides struggling to reach an agreement. Both were in agreement…