Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday, with backing from a major business lobby.
"The wave of wage hikes must spread to small firms and local areas to enhance competitiveness amid heated competition to attract workers" amid labour shortages, Kishida said.
Masakazu Tokura, head of Japan's biggest business lobby Keidanren, expressed support for the wage push.
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