Japanese Prime Minister Fumio Kishida speaks during his news conference in Tokyo, Japan on February 24, 2023. Stanislav Kogiku/Pool via REUTERS TOKYO, Feb 26 (Reuters) – 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. For years wages have been slow to grow in Japan as cautious firms hoarded a record cash pile, while curbing labour costs, despite government pressure on companies to raise pay. Advertisement · Scroll to continue The government has put a strong focus on wage hikes to stimulate private consumption that makes up more than half of the economy, hoping to stoke a positive cycle of economic growth and wealth distribution under Kishida’s new capitalism agenda. Register for free to Reuters and know the full story "Above all, wage hikes that beat price hikes are needed," Kishida told an annual gathering of his ruling Liberal Democratic Party (LDP), which lays out its policy agenda for this year. Latest Updates Iran’s currency slides to record low as savers buy dollars India’s push to regulate crypto gains IMF, U.S. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
