Sadayuki Sakakibara, head of Japan’s top business lobby Keidanren interviewed by the Nikkei:
- I want this year to be the year when Japan undeniably escapes deflation and gets on track to economic recovery. The business community will make every effort to raise wages, and we will make this stance clear in our guidelines for the spring wage negotiations, which will be released sometime this month. We will call on companies to consider the option of increasing base pay. Wages increased by over 2% for the first time in 15 years in fiscal 2014. We are hoping for similar figures this time around.
Encouraging words at the beginning of the year from Sakakibara… but no firm commitment in them.
There’s more at the link, including his thoughts on Russia, restarting the nuclear reactors, and fiscal policy.
