Japan Leaders Meet to Amplify Call for Wage Gains at Small Firms
- PM Kishida meets with leaders of biggest business lobby, union
- Prime minister calls for wage gains outpacing inflation
Morning commuters in Tokyo.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Japanese Prime Minister Fumio Kishida stepped up his efforts to encourage companies to hike pay, meeting with union and business leaders as annual spring wage negotiations kick into high gear.
“For overall wage gains in Japan, it’s essential to raise pay at small and medium-sized companies, which employ 70% of workers in Japan,” said Kishida after a meeting that focused in part on the outlook for gains at smaller businesses.