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© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida delivers a speech during a ceremony marking the end of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2022. REUTERS/Issei Kato
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday urged companies to increase wages faster than the rate of inflation.
“In the past 30 years, wages did not rise much despite robust corporate profits. Corporate wealth did not trickle down (to households),” Kishida said in a news conference.
“I would like to create an economic structure in which wages rise every year,” he said.
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Reuters
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