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Japan PM Kishida urges companies to raise wages by 3% or more -Breaking

by Mike Robinson

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TOKYO (Reuters), Fumio Kirishida, Japan’s Prime Minister, urged Friday companies whose earnings had recovered from the 2008 pandemic that they raise their wages at labour negotiations next spring. This is to ensure a virtuous cycle in growth and wealth distribution.

Kishida said to the “new capitalism panel” meeting that the government will take steps to help encourage businesses to reverse the trend towards smaller wage increases.

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