WION on Youtube shows that global inflation appears to be slowly having an impact on Japan, a country that is considered as one of the strongest economies in the world. Weak Yen and volatile oil prices continue to make situation shaky.
Amid rising consumer prices, it sure seems that some Japanese companies in Japan have begun providing "inflation allowances" to workers.
Certain companies in Japan are starting to provide "inflation allowance" to employees, in a bid to alleviate workers’ concerns about rising food, electricity and gasoline prices and allow them to focus on important productive work.
Computer software developer Cybozu has decided to make special lump-sum payments to employees in Japan and abroad in July and August. The amount will range from ¥60,000 to ¥150,000 for workers in Japan, depending on the number of hours worked.
At Jul 27, 2022:
1 United States Dollar equals 136.58 Japanese Yen
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