“A majority of Japan’s population once considered themselves middle class, with income inequality lower than in other industrialized nations and almost full employment. Now, the ranks of those being left at the bottom of the world’s third-largest economy are swelling. The Health, Labor and Welfare Ministry announced last month that a record 2.1 million people are now receiving benefits and other financial assistance. The JCP campaigns for a minimum wage of 1,000 yen ($12.80) an hour, paid for by tax increases for high earners and big business.” [After 20 years of Zero-Interest-Rate Policy; America next…]
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