Yuzaburo Motegi, chairman of the Japan Productivity Center, said at a press conference at the beginning of the year that companies need to raise wages to create a virtuous cycle of the economy.
The Japan Productivity Center is a private organization that conducts surveys and proposals jointly by the business community, the labor community, and academic experts toward Japan's economic development. I was.
In this, Chairman Motegi said, ``For the past 30 years, there has been no virtuous cycle in Japan where wages rise, purchasing power increases, and the economy grows, leading to the creation of the next demand. said.
After that, he pointed out, "We need a wage increase as one of the triggers to bring about a virtuous cycle."
Chairman Motegi said that Japan is still unable to escape from long-term economic stagnation due to problems such as a rapid population decline, declining birthrate and aging population, and is unable to eliminate anxiety about the future. I would like to hope that we will settle down and work on solving the various issues that have been postponed."