Economy minister advocates for ongoing wage growth.
Economy minister Yoji Muto urged business leaders to raise wages to ensure Japan's sustainable economic growth this year.
Yo, check this out. Economy minister Yoji Muto is pushing business leaders to step it up and raise wages this year. We're talking about keeping that momentum going from last year when wages shot up the fastest they’ve been in **three decades**. During a meeting with big shots like Masakazu Tokura from the Japan Business Federation, he made it clear that now’s the time to hit the gas on wages and investments to get the economy growing.
Tokura's on board, saying the biz community needs to team up with the government for that **sustainable growth**. Also, Muto took a moment to react to President Biden blocking the U.S. Steel deal for Nippon Steel, stressing the need for a secure environment for Japanese investments. In short, it's all about creating a solid foundation for future growth.
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