Economics
Japan’s Bigger Tax Breaks Seen Struggling to Spur 3% Pay Gains
- Kishida seeks a level of wage raises not seen since 1997
- Similar steps have so far failed to generate robust wage gains
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Bigger tax breaks won’t likely prompt Japanese companies to raise wages by 3% as sought by Prime Minister Fumio Kishida, according to economists commenting after the latest data showed how weak pay gains remain.