© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida attends a press convention in Tokyo, Japan, on December 16, 2022, addressing some subjects reminiscent of Nationwide Safety Technique, political and social points going through Japan in right now’s World disaster. David Mareuil/P
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida known as on Thursday for enterprise leaders to speed up wage hikes, warning that the economic system risked falling into stagflation if pay rises lagged value will increase.
“There are warnings of alarm bells that stagflation emerges if wage development lags behind value hikes,” Kishida advised a New Yr gathering of three main enterprise lobbies.
