Japanese PM Ishiba urges companies to raise wages to combat inflation and spur economic growth.

Japanese Prime Minister Shigeru Ishiba is urging companies to significantly increase wages next year to combat rising living costs and boost economic growth. This push follows a 33-year-high in wage deals this year. Ishiba aims to secure sustainable growth and offset inflation through higher worker pay, with specific measures expected to be outlined by next spring. He met with leaders from Japan's largest trade union and business lobby to discuss these plans.

November 26, 2024
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