In June, the Japanese government announced its framework policy plan called the "Framework Policies." The policies require Japanese companies to increase the transparency of their gender wage gap in two ways: (a) disclosing the wage gap on companies' websites or in other relevant methods, and (b) disclosing the wage gap in annual securities reports.
Japan was ranked 120th out of 156 in the 2021 edition of the Gender Gap Index, the lowest level among developed countries. The Organization for Economic Cooperation and Development (OECD) survey shows that the wage gap between men and women in Japan is 22.1 percent in 2021. The gap is much larger compared to 11.7 percent, which is the average of OECD countries in 2020. The new disclosure requirements are expected to encourage companies to increase the gender equality at workplace.
Wage Gap Disclosure Rules for Companies with More Than 301 Employees
From 2023, Japanese companies with more than 301 employees on a regular basis that fall within the categories of "large company" under the Act on Promotion of Women's Participation and Advancement in the Workplace (the "Act") will be required to disclose the wage gap between men and women on their websites or by other relevant methods. The Ministry of Health, Labor and Welfare expeditiously drafted the relevant revisions to the Ministerial Ordinance of the Act after the announcement of the policies in June.
According to the draft revisions to the Ministerial Ordinance of the Act, a...
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