Japan’s Prime Minister Shinzo Abe attends a meeting of the Imperial Household Council to discuss the timeline for the abdication of Japan’s Emperor Akihito at the Imperial Household Agency in Tokyo, Japan December 1, 2017. REUTERS/Toru Hanai
December 26, 2017
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Tuesday that he wanted companies to raise wages by 3 percent or more in next year’s wage negotiations.
“We must sustain and strengthen Japan’s positive economic cycle next year to achieve our long-standing goal of beating deflation,” Abe said in a speech at a meeting of business lobby Keidanren.
“For that, I’d like to ask companies to raise wages by 3 percent or higher next spring,” he said.
(Reporting by Leika Kihara)
