World Trade

A Japanese businessman, Kishida, urges employers to raise wages faster than inflation.

On Wednesday, Fumio Kishida, the prime minister of Japan, asked businesses to raise pay more quickly than the rate of inflation.
“Despite strong business earnings over the past 30 years, wages did not increase significantly.” “Wealth from corporations did not trickle down to households,” Kishida said during a press conference.
He stated, “I would like to establish an economic system where earnings increase annually.”

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