[HIGHLIGHTS] Prime Minister Kishida “Expanding the flow of wage increases to small and medium-sized enterprises, supporting them through comprehensive policy mobilization”

Prime Minister Kishida said it is important for future economic growth to extend the flow of wage increases to small and medium-sized enterprises. He called for cooperation from the business community.

He welcomed the high level of wage rises at major companies during this year's spring labor union. He said the government will promote the creation of an environment that will allow them to appropriately pass on labor costs, which correspond to personnel costs, and support in terms of taxation. The power of the Japan Chamber of Commerce and Industry is essential to seize the opportunity to completely overcome deflation.