Skip to main content

Advertisement

Advertisement

Japan PM Kishida urges companies to raise wages by 3% or more

TOKYO - Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered pre-pandemic levels to raise wages by 3% or more at their labour talks next spring as he aims to achieve a virtuous cycle of growth and wealth distribution.

Japan PM Kishida urges companies to raise wages by 3% or more

FILE PHOTO: Office lighting is seen through windows of a high-rise office building in Tokyo. Photo: Reuters

TOKYO - Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered pre-pandemic levels to raise wages by 3% or more at their labour talks next spring as he aims to achieve a virtuous cycle of growth and wealth distribution.

Kishida told his "new capitalism" panel meeting that the government would help take steps to encourage companies to reverse the recent trend of smaller wage increases. REUTERS

Read more of the latest on

Advertisement

Popular

Advertisement

Get the latest news

Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.

Aa