Japan Prime Minister Kishida Pushes for Increased Wage Hikes
Wednesday, 13 March 2024, 06:37
Japan Prime Minister Kishida Urges Higher Wage Hikes
Japan's Prime Minister Fumio Kishida has announced his intent to encourage small and mid-sized companies to implement wage increases exceeding last year's levels. During discussions with labor unions and business leaders, Kishida highlighted the persistent deflationary pressures in Japan, which are influencing the value of the yen. Consequently, the USD/JPY pair has risen to 147.74, reaching its highest point for the day.
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