Japan’s Kishida Urges Firms to Raise Wages Faster Than Inflation
- To outline plan to double spending on children as births fall
- Will work with private sector on semiconductors, other areas
This article is for subscribers only.
Japanese Prime Minister Fumio Kishida said he would push firms for pay increases that exceed the inflation rate, as his government struggles with the country’s highest price rises in four decades.
The premier was speaking Wednesday at a news conference at Ise Shrine, about 200 kilometers (125 miles) southwest of Tokyo, where he laid out some of his plans for the coming year. The blow to household finances from rising food and fuel prices has contributed to a fall in support for the once-popular premier to its lowest levels since he took office 15 months ago.