Japanese Labour Ministry plans to raise its minimum wage benchmark

Reuters is out with the latest update on the Japanese labor market, noting that the Labour Ministry is likely to recommend a raise in national average minimum hourly wage.

The minimum wage benchmark will be raised by a record JPY 26 yen to JPY 874.

Earlier today, the Nikkei Asian Review reported that the Bank of Japan (BoJ) is considering making adjustments to the ETFs that the central bank purchases as part of its monetary policy.