TOKYO: Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday , with backing from a major business lobby.
"Above all, wage hikes that beat price hikes are needed," Kishida told an annual gathering of his ruling Liberal Democratic Party , which lays out its policy agenda for this year. Masakazu Tokura, head of Japan's biggest business lobby Keidanren, expressed support for the wage push.
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