In today’s briefing:
- New Highs for Part-Time Wages a Worry for Japan’s Retailers
New Highs for Part-Time Wages a Worry for Japan’s Retailers
- Low demand and slightly higher unemployment during the pandemic dampened the rising cost of part-time employees but that short respite is now over.
- Hourly wages hit a new high in August and are set to rise further in coming months, renewing pressure on sectors like hospitality, retailing and logistics.
- Retailers with high ratios of part-time wages such as the 100 Yen retailers like Seria Co Ltd (2782 JP) and apparel retailers, will be hit particularly hard.
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