1.03 million yen is the minimum level of taxable income for all people who are employed by companies and live on earned income. Here I will explain the “1.03 million yen barrier” by describing Japan’s income tax system.

Note: This article was written based on information obtained as of Nov. 4, 2024.

"Thinking About the “1.03 Million Yen Barrier” Issue," Japan Spotlight

https://www.jef.or.jp/journal/pdf/259th_Economic_Indicators.pdf

Profile of Research Director Nobuo Iizuka

https://www.tokyofoundation.org/experts/detail.php?id=381