Japan is Making Companies Publish their Gender Pay Gap

From June, businesses in Japan must report the gender pay gap as a percentage, displaying it on the company website and providing valid reasons for any difference. The rules will apply to any company with more than 300 staff and will affect 18,000 firms. It’s all part of Prime Minister Fumio Kishida’s ‘new capitalism’ action plan, which aims to address Japan’s growing labour shortages and boost growth. Japan has the worst gender pay gap in the G7, standing at an estimated 22%. The country ranks 116th in the World Economic Forum’s Global Gender Gap rankings. Japanese law already states that men and women must be paid equally for the same work. Here’s more about how Japan is closing its gender pay gap.