You are here

Japanese leaders urge higher wages, businesses give muted support

BT_20151225_JAPAN_WAGES_2038411.jpg
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.

Tokyo

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,