Japanese leaders urge higher wages, businesses give muted support
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, underscoring the difficulty policymakers face in convincing risk-shy Japanese companies to divert more of their record profits to innovation and human resources.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons