Japan likely to revise budget due to wage data flaws: Finance Ministry

Published Fri, Jan 11, 2019 · 03:00 AM
Share this article.

[TOKYO] Japan's government is likely to revise its budget draft for the next fiscal year to pay for a shortfall of employment insurance benefits caused by flaws in the country's wage data, Finance Minister Taro Aso said on Friday.

The likely budget revision - a rare move - follows the revelation that the labour ministry has underestimated workers' average wages for years. The data is used to set levels of unemployment benefits paid partly by state coffers.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here