Japan’s government will make raising wages one of its top economic policy priorities for the coming year, Deputy Chief Cabinet Secretary Seiji Kihara has said.
“The biggest challenge for the Japanese economy is the lack of wage growth. If wages don’t rise, consumption won’t pick up and companies won’t increase investment,” Kihara said.
Although companies are responsible for deciding how much to raise wages, the government can help achieve higher wages through tax incentives and encourage companies to disclose more information about how much they spend on human resources, he said.
These remarks echo those of Bank of Japan Governor Haruhiko Kuroda, who stressed that achieving higher wages is crucial for the economy to sustainably reach its 2% inflation target, fueled by strong domestic demand.
“The government will focus more on achieving wage growth. This is especially important as prices are on the rise,” Kihara said.
Inflation in Japan reached 3.8% annual in November, the highest level in three decades.
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance
