01848cas a2200265 a 4500 AALejournalIMF017245 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475555349 1018-5941 BD-DhAAL BD-DhAAL Aoyagi, Chie. Minimum Wage as a Wage Policy Tool in Japan / Chie Aoyagi, Giovanni Ganelli, Nour Tawk. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the planned 3 percent per year could raise wage growth by 0.5 percent annually. Given Japan's need for income policies to generate vigorous wage-price dynanics, reflecting the 2 percent inflation target, one policy implication of this finding is that, while the minimum wage plan will help boost wages, it should be accompanied by other, more 'unorthodox' income policies, such as a 'soft target' for private sector wage growth through a 'comply -or-explain mechanism' for wage growth and increases in public wages in line with the inflation target. Mode of access: Internet Ganelli, Giovanni. Tawk, Nour. IMF Working Papers; Working Paper ; No. 2016/232 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/232/001.2016.issue-232-en.xml IMF e-Library