Japan feels the effects of earthquake

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Reuters

For one Japanese salaryman, nearly a decade of $4 annual pay rises

Japanese accountant Masamitsu has not travelled or gone to the cinema in years and rarely eats out. Instead, his annual salary of about $34,000 goes to support his family and has risen by just $4 a year for nearly a decade. Masamitsu’s plight mirrors that of many workers at small and medium-sized firms in Japan, where the average salary in 2020 was $38,515, little changed from the 1990s and well below the average of $49,165 in countries of the Organisation for Economic Cooperation and Development (OECD).



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