TOKYO: 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 (Feb 26), with backing from a major business lobby. For years wages have been slow to grow in Japan as cautious f
TOKYO: 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.
"Above all, wage hikes that beat price hikes are needed," Kishida told an annual gathering of his ruling Liberal Democratic Party , which lays out its policy agenda for this year. Masakazu Tokura, head of Japan's biggest business lobby Keidanren, expressed support for the wage push.
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