- Wish to ask Japan companies to hike wages by 5% ‘plus one thing further’ this yr
- Hopes that it’ll result in average demand-driven inflation
The narrative put out by Japanese officers beforehand is that inflation is pushed by cost-push elements. However there’s a delicate shift in considering or a minimum of by way of method as of late, in that they’re looking for to place the stress on corporations to extend wages extra meaningfully and faster in order to help their cost for a coverage shift as nicely. The upcoming “Shunto” spring wage negotiations goes to be a vital one to look at.
