Japan PM Kishida urges companies to raise wages by 3% or more

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TOKYO, Nov 26 (Reuters) – Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered pre-pandemic ranges to raise wages by 3% or more at their labour talks subsequent spring as he goals to obtain a virtuous cycle of development and wealth distribution.

Kishida instructed his “new capitalism” panel assembly that the federal government would assist take steps to encourage companies to reverse the current pattern of smaller wage will increase.

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Reporting by Tetsushi Kajimoto
Editing by Chang-Ran Kim

Office lighting is seen through windows of a high-rise office building in Tokyo July 31, 2014.  REUTERS/Issei Kato/File Photo

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