The world’s third largest economy reported its worst real-wage decline in more than eight years on Friday, a day after its leader asked businesses to hike workers’ pay at a level above inflation. Japan saw a 3.8% year-on-year fall in inflation-adjusted wages in November, data published by the Ministry of Health, Labor and Welfare showed. It’s the biggest fall since May 2014, when a consumption tax hike at the time caused a 4.1% decline, according to data published by the ministry.
“Consumption will grow, business investment will grow and further promote economic growth.” Raising wages by 3% or more a year is a core goal of Kishida’s administration. The prime minister, who took office in late 2021, noted that while corporate profits had ballooned in the past 30 years, salaries failed to keep pace with that growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bernard Kalb, founding CNN 'Reliable Sources' anchor, dies at 100 | CNN BusinessBernard Kalb, the long-time journalist and founding anchor of CNN’s “Reliable Sources” program, died on Sunday at his home in North Bethesda, Maryland, his family said. He was 100. RIP This might be the most honest post has posted in quite some time. CONGRATULATIONS! For posting an obituary. Power of Banana shares our deepest condolences. May he have access to an abundance of bananas in heaven
Source: CNN - 🏆 4. / 95 Read more »
Jack Ma to relinquish control of Ant group | CNN BusinessChinese billionaire Jack Ma will no longer control Ant Group after the fintech giant's shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday. Mafia business Do you mean after CCP ordered the reshaping? You mean CCP stole it from him. Stop with the many fancy english words. Wtf is reshape shareholding structure? You either increase or decrease your holding through buying or selling shares. Man is getting robbed in broad daylight n you are just parroting the pr by the criminals
Source: cnni - 🏆 326. / 59 Read more »
Fantasy football leagues in limbo donate pots to support Damar Hamlin | CNN BusinessAs the football world hopes for more good news about Buffalo Bills safety Damar Hamlin’s recovery, some fans are wondering how to address a small elephant in the room: What to do about unfinished fantasy football leagues? Fantasy football is such old news. Every NFL player is a ticking time bomb. The real action and big money is now being bet on which player drops dead next. Something about the batch of jabs that went to Buffalo was extra spicy. Smart money is on another bills player. I was leading in the “championship” that weighed heavily on that game for my opponent. I suggested we just split the pot. 🤷♀️. I don’t even want to watch any more football right now. jockmom That is not the elephant in the room…
Source: CNN - 🏆 4. / 95 Read more »
Foodies left 'devastated' that Ronzoni will discontinue its beloved star-shaped pastina | CNN BusinessStock up on your starry pasta while you can. Thoughts and prayers for the pastina 😂😂 What’s that? Never heard The murderous Islamic Republic regime has executed two more protesters MohammadMehdiKarami and MohammadHosseini. Shame on the global community and leaders for not stopping the IR’s atrocities! StopExecutionsInIran
Source: CNN - 🏆 4. / 95 Read more »
411 is going out of service for millions of Americans | CNN BusinessThe operator is going off the hook for millions of customers. Jim Croce is rolling over in his grave! ingenuity.. innovation- have to move on Nobody uses 411 when the internet exists. And you can see the results for yourself.
Source: CNN - 🏆 4. / 95 Read more »
True hot dog fanatics can apply to be an Oscar Mayer Wienermobile driver | CNN BusinessThere are a total of 12 Wienermobile driver positions available for 2023, according to Oscar Mayer -- and the competition is fierce. Choke HassanFirouzi is in prison. He is asking to see his daughter before his death. He says: We had this child after 10 years and I have seen her only for 18 days. he has been tortured, the government waits for him to get better and then they'll EXECUTE him. Be his voice. MahsaAmini
Source: CNN - 🏆 4. / 95 Read more »