Japan retailer AEON STORES plans to increase the average pay for part-time employees by 7%, marking the third consecutive year of pay raises.

According to Nikkei News on December 31, Glonghui reported that Japan's largest part-time employer, retailer AEON STORES, plans to increase average wages for part-time employees by 7% this spring, marking the company's third consecutive year of wage increases. Currently, AEON's part-time employees earn an average hourly wage of 1,170 yen (7.46 USD), and a 7% increase will raise this by about 82 yen, which is the same wage growth as last year. The report indicates that the increase in part-time wages alone is expected to raise labor costs by about 40 billion yen. AEON intends to counter the rising expenses through promoting digital innovations, such as using AI self-checkout and ordering systems.

Gelonghui Finance09:25

Express News | Wage Hike for Part-Timers Alone Expected to Push up Labor Costs by About 40 Bln Yen for AEON - Nikkei

Breakings00:17

Express News | Pay Raises Will Apply to Roughly 150 Group Cos Within AEON - Nikkei

Breakings00:16

Express News | AEON, Japan's Biggest Part-Time Employer, to Raise Pay for 3Rd Year - Nikkei

Breakings00:15

As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.

① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.

cls.cnDec 26 13:37

China and Japan will introduce policies to facilitate tourism, and Japanese retail and tourism stocks have responded with an increase.

Retail and tourism-related stocks in Japan rose after the Chinese government and the Japanese government agreed to introduce more facilitation measures to promote mutual visits of tourists between the two countries.

Zhitong FinanceDec 26 10:40