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Investors demand more from Japan’s new gender pay gap disclosure law

Japan now requires companies with over 300 employees to disclose their gender pay gaps. However, investors argue the data needs improvement to aid investment decisions, as most firms reveal only the minimum information. These disclosures show the average annual wages of female and male employees in three categories: all employees, regular, and non-regular workers. Recent data from advisory firm Willis Towers Watson reports Japanese women earn 67% of men's salaries on average, ranking Japan poorly among OECD nations. Experts suggest the data should also analyse why pay disparities exist and how they can be improved. The lack of women in managerial roles is believed to contribute to wage discrepancies, an issue for which Japan faces increasing pressure.

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