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Japanese leaders urge higher wages, businesses give muted support

Friday, December 25, 2015 - 05:50

UNCERTAIN OUTLOOK: Despite assurances by Mr Kuroda that Japan's economic prospects are bright, many companies still sit on a huge pile of cash because of uncertainties over the external outlook and a shrinking domestic market as the country's population ages rapidly.


JAPAN'S prime minister and central bank governor on Thursday applied fresh pressure on companies to do their part in putting a sustained end to deflation by boosting wages and investment.

The head of Japan's biggest business lobby, however, offered only conditional support,

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