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Japan's chief cabinet secretary calls for broad-based wage hikes
Broadening pay hikes among smaller firms is crucial, said Japan's top government spokesperson, Yoshimasa Hayashi, underscoring the administration's drive to achieve sustained wage gains. Such gains have been a policy priority for Prime Minister Fumio Kishida's government, in its effort to prevent rising living costs from hurting consumption and derailing a fragile economic recovery. Hayashi's remark came in a Reuters NEXT Newsmaker interview ahead of the Bank of Japan's policy meeting on July 30 and 31, when the board is likely to discuss whether conditions allow it to lift interest rates from current levels near ... (full story)
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- Posted: Jul 23, 2024 3:09am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,587
