Tokyo, Oct. 23 (Jiji Press)–Japan’s Economic and Fiscal Policy Minister Yasutoshi Nishimura requested the Japan Business Federation, or Keidanren, on Wednesday to raise employee wages in next spring’s “shunto” management-labor talks.
“It is necessary to continue with pay hikes in order to overcome deflation,” Nishimura said in a meeting with senior officials of the business lobby, including Chairman Hiroaki Nakanishi.
Nishimura also asked for cooperation in facilitating pay hikes among small businesses, such as by promoting fair prices for trade, as well.
The government has been requesting business leaders to increase wages since the 2014 shunto.
Companies have been raising wages by more than 2 pct every year, the minister said.
In response, Nakanishi said Keidanren is discussing the issue seriously and is ready to continue talks with the government.
Speaking to reporters after the meeting, Nakanishi indicated that a pay-scale hike is not the only way to reflect in wages changes in work styles and employment practices among Japanese companies.