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Japan's Kishida urges companies to give wage hikes that exceed inflation

Wednesday, January 4, 2023
Japan's Kishida urges companies to give wage hikes that exceed inflation © Reuters. FILE PHOTO: Japan's Prime Minister Fumio Kishida delivers a speech during a ceremony marking the end of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2022. REUTERS/Issei Kato

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida on Wednesday urged companies to increase wages faster than the rate of inflation.

"In the past 30 years, wages did not rise much despite robust corporate profits. Corporate wealth did not trickle down (to households)," Kishida said in a news conference.

"I would like to create an economic structure in which wages rise every year," he said.

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24-03-2023 23:40:09 (UTC+7)

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 EUR/USD1.0753Neutral
 GBP/USD1.2224↑ Buy
 USD/JPY130.76↑ Buy
 AUD/USD0.6639Buy
 USD/CAD1.3756↑ Sell
 EUR/JPY140.60↑ Buy
 EUR/CHF0.9872Neutral
 Gold1,986.45↑ Sell
 Silver23.295↑ Sell
 Copper4.0605↑ Sell
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 Brent Oil74.55↑ Buy
 Natural Gas2.217↑ Buy
 US Coffee C179.05Neutral
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 DAX14,956.85↑ Buy
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 Hang Seng19,915.68Sell
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 Adidas140.90↑ Buy
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 Siemens AG140.35↑ Buy
 Deutsche Bank AG8.528↑ Sell
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