부산대학교 도서관

Japan's stock market has reached a record high, and the country is experiencing the largest pay increases since 1991. However, the Japanese public is questioning why it has taken so long for wages to rise. The delay in wage increases can be attributed to the fact that wages are slower to rise than profits during economic recoveries. While major Japanese companies are planning to raise pay by an average of 5.28% this year, some workers are still not seeing significant increases. The government and Bank of Japan have been aiming to create a positive cycle of rising prices and wages, but the current inflationary environment has caused concerns among consumers. The approval rating for Prime Minister Fumio Kishida's cabinet has fallen, partly due to economic unease. Despite this, some workers are starting to see the benefits of higher wages and are planning to spend more on their hobbies and vacations. [Extracted from the article]