Abe, Kuroda Mount Pressure on Japanese Businesses to Lift Wages
- Both speak at annual gathering of business lobby Keidanren
- Wage growth has been slow as companies wary of growth prospect
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Japanese Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda piled pressure on the country’s business leaders Thursday, urging them to lift wages to help boost the economy.
For the seventh straight year, Abe told a year-end gathering of business lobby Keidanren he hoped companies would boost wages during the annual shunto wage negotiations in spring.