Regarding future economic policy, Prime Minister Kishida stated that the key to linking current stock price trends to a virtuous economic cycle is to achieve sustainable wage increases that can keep up with rising prices. He expressed his intention to further promote labor market reform, including efforts to facilitate smooth migration.
On the 27th, the government held a meeting of the ``Council for the Realization of New Capitalism'' and exchanged opinions on future economic policy.
In this regard, Prime Minister Kishida said, ``The Nikkei Stock Average has hit a new all-time high, and is now within sight of reaching the 40,000 yen level.Now is the time for prices to rise moderately, and a wage increase that exceeds that will stimulate consumption.'' We aim to create an economy that supports the economy and realizes a virtuous cycle that attracts new investment."
On top of that, the key to establishing a virtuous economic cycle is sustainable wage increases that can keep up with rising prices, and in order to achieve this, labor market reforms such as the smooth movement of labor into growth fields such as digital technology will be implemented. We have expressed our intention to further promote this.
Furthermore, he stated that there is a need to encourage labor mobility in fields where labor shortages are expected, such as construction and logistics, and outlined a policy to build a structure where high wages can be obtained.
He also emphasized that ``we will promote labor market reform so that companies can provide work opportunities to talented young people and motivated seniors.''