Keidanren Chairman Tokura and Minister of Economy, Trade and Industry Saito met and agreed to promote investment through public-private collaboration that will lead to stronger corporate competitiveness in order to achieve sustainable wage increases.
The meeting was held in Tokyo on the 5th, with approximately 40 people in attendance, including Keidanren Chairman Tokura and other executives, and Minister of Economy, Trade and Industry Saito.
In order to generate the funds for sustainable wage increases, the challenge is to strengthen the competitiveness of companies and industries.
Keidanren Chairman Tokura said, ``It is important to promote domestic investment through public-private partnerships and strengthen industrial competitiveness, and I hope that policies that encourage corporate growth and distribution efforts will be implemented with a sense of speed.'' said.
In response, Minister Saito said, ``This year we must realize a transition from a cost-cutting economy to a growth-oriented economy in which investment, wages, and prices grow.The private sector must take the lead in investment and innovation, and achieve high standards.'' We would like to do whatever we can to help lead to a transition to a new economic structure where wages continue to rise.''The two parties agreed to promote public-private partnerships to make investments that will strengthen the competitiveness of companies in order to achieve sustainable wage increases. did.
In addition, the meeting confirmed the importance of promoting price pass-through, including on personnel costs, in order to raise wages for small and medium-sized enterprises.