Wages in Japan increase for the first time in 5 years
The Japanese government on Monday announced that the average monthly salary in 2016 rose by 0.7% over the previous year, marking the first annual increase in five years. Average monthly pay rose to 315,372 yen (nearly ₹1.9 lakh) while the number of hours worked dropped. The hike has been attributed to increases in the base salaries of large companies.