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

© Reuters. FILE PHOTO: Japan's Prime Minister Shigeru Ishiba looks on during a meeting with Peru's President Dina Boluarte (not pictured), in Lima, Peru November 17, 2024. REUTERS/Angela Ponce/File Photo

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.

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