Japan Aso says wage hikes key to ‘Abenomics’ success

Thursday, 25 December 2014 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Japanese Finance Minister Taro Aso on Wednesday urged companies to boost wages to help underpin private consumption, stressing that such private-sector efforts are key to the success of premier Shinzo Abe’s “Abenomics” stimulus policies. He also reiterated the need to push through fiscal reforms to prevent losing market trust in Japan’s finances, after having delayed a second sales tax hike next year. “The third-arrow of Abenomics won’t succeed unless companies show their willingness to cooperate” and raise wages, Aso told a news conference.

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