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October 16, 2010

Income of young Japanese women tops that of men

Newspost

October 16, 2010

TOKYO: Not only can young Japanese women look forward to a longer life than their male peers, now they also make more money.
Income for single women under 30 hit an average of 218,156 yen ($2,680) a month in 2009, edging above the 215,515 yen ($2,640) of their male counterparts for the first time ever, according to an Internal Affairs ministry survey.
The change, which saw women’s incomes surge 11.4 percent from the previous survey five years ago compared to a 7 percent fall for men, was driven by the plunge of the global economy and the fact that men’s incomes simply had more room to fall.
“Basically, men’s salaries were much higher in general, and they took a much bigger hit when the economy worsened,” said Hideo Kumano, chief economist at the Dai-ichi Life Research Institute.
“In addition, many more men work in manufacturing than women, and after the Lehman failure things for this sector really chilled.”

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