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Japan’s Ishiba calls on businesses to provide big wage growth next year

By Thomson Reuters Nov 25, 2024 | 10:12 PM

TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would ask companies to raise wages significantly during next year’s labour negotiations in the spring, known as ‘shunto’.

Ishiba made the remarks at the end of a three-party meeting between the government, businesses and union leaders.

(Reporting by Makiko Yamazaki; Editing by Chang-Ran Kim)