Japan's Kishida wants businesses to make higher wage hikes next year

November 15, 2023 4:27 AM EST

FILE PHOTO: Fumio Kishida, Japan's prime minister, speaks during a news conference at the prime minister's official residence in Tokyo, Japan, November 2, 2023. Kiyoshi Ota/Pool via REUTERS/File Photo

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida on Wednesday asked business leaders to raise wages in next year's spring labour negotiations to a level higher than this year's against the backdrop of rising prices.

Kishida spoke during a meeting with business leaders and labour unions at the Prime Minister's Office.

(Reporting by Kentaro Sugiyama; Writing by Satoshi Sugiyama; Editing by Muralikumar Anantharaman)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Raising Prices