Japan plans mandatory disclosure of gender wage, female manager ratio

Japan is considering requiring companies' annual reports to disclose average wages by gender and the ratio of female managers, said two people with direct knowledge of the matter, as it seeks to close the pay gap between men and women.

The mandatory rule could be implemented as early as the fiscal year beginning in April 2023, the people said.

The move would be part of Prime Minister Fumio Kishida's push to narrow income disparities and achieve more equal distribution of wealth for a sustainable economic recovery. The government is also considering having firms disclose the ratio of male workers on childcare leave,