TOKYO : The Japanese government is preparing to hold a meeting with business and labour union executives next Wednesday as part of a campaign to encourage wage hikes, Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday.
It would be the first such meeting to be held in about eight years, public broadcaster NHK reported late on Tuesday. Big Japanese firms are likely to offer pay rises of 2.85 per cent on average for the financial year starting in April, the biggest pay hikes in 26 years, according to a research firm forecast.