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Abe to tackle corporate sector opposition to basic wage hike

BOJ reports that corporate cash hoarding in Japan has reached record levels

"We are seeing continued weakness in domestic new car sales that go beyond a backlash to the April sales tax hike." - Fumihiko Ike, chairman of the Japan Automobile Manufacturers Association


HAVING won a new popular mandate for Abenomics at last Sunday's election, Japanese Prime Minister Shinzo Abe now faces having to confront corporate sector opposition to some of his policies such as raising basic wages in order to boost consumption, developments on Thursday suggested