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- Japan's PM Kishida: We intend to raise minimum wages beyond JPY1,000 nationwide
Japan's PM Kishida: We intend to raise minimum wages beyond JPY1,000 nationwide
Following the highly-anticipated "shunto" spring wage negotiations on Wednesday, Japan’s PM Fumio Kishida said that they are aiming to raise minimum wages beyond JPY¥1,000 nationwide.
Additional comments
“Government to mobilize all measures available to prepare the environment for wage hikes.”
“This spring marks a turning point for growth and wealth distribution.”
Market reaction
USD/JPY is defending minor bids, trading at around 134.30, having briefly topped 135.00.
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