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

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

November 26, 2021

TOKYO (Reuters) – 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.

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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.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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