Japan's largest business organization is calling for wage hikes in the upcoming labor negotiations. It's the first time in 6 years the group will make a strong appeal for higher wages.
The Japan Business Federation, or Keidanren, announced its basic policy for the annual negotiations on Wednesday.
The group says Prime Minister Shinzo Abe's economic policies have helped improve the corporate business climate. It's calling on companies with brisk performance to not only focus on raising capital investment, but also on increasing jobs and wages.
The business leaders are also calling on employers to consider various options to raise wages. This suggests their approval for a basic pay increase.
Source: NewsOnJapan
