Japan Center for Economic Research Consultant Heizo Takenaka

Japan Center for Economic Research Consultant Heizo Takenaka

Tomohiro Ohsumi/Bloomberg

Heizo Takenaka, consultant of Japan Center for Economic Research, is seen in this 2011 file photo. Takenaka said yesterday that it was important for wages to rise to spur a “virtuous economic cycle,” using the same language as Prime Minister Shinzo Abe, who is pressing business leaders to boost salaries.