Japan PM Abe: Asking for 3% wage rises to put economy in a virtuous cycle

Author: Justin Low | Category: News

Japanese prime minister Shinzo Abe speaking in Tokyo

It's been a continuous debate between Japanese officials and companies. Officials have always argued the point that better performing companies should raise wages (and in turn raise prices), but companies are worried that it would lead to fewer customers. This was pointed out during BOJ governor Kuroda's speech here last month.

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