Japan Premier Kishida Seeks Labor Market Shakeup to Raise Pay
- Premier seeks to enable workers to flow into growth industries
- Policy speech comes after inflation hits highest since 1981
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Japanese Prime Minister Fumio Kishida said he’d press ahead with labor market reforms to create an environment for sustainable pay rises in a policy-setting address to a new parliament session, which is clouded by inflation hitting its highest level since 1981.
Kishida told lawmakers Monday that he would push for a labor shakeup to enable a smooth flow of workers into growth industries. The premier told lawmakers he wants to see more workers becoming employees with full benefits, skills being upgraded and pay based on job responsibilities rather than years of service.