Japan's government plans to raise the minimum wage and introduce other steps to revitalise the economy, but the draft of stimulus measures seen by Reuters on Monday appeared to break no new ground on reforms that analysts say are needed to end decades of stagnation.
Prime Minister Shinzo Abe's government will also offer some financial support to people living off their pensions to bolster consumer spending, a copy of the draft obtained by Reuters showed.
Citing unnamed sources, the Nikkei newspaper said on Monday that the government is planning to raise the minimum wage by 3%. But the draft didn't provide any specifics and analysts say the government will need to do more to foster durable growth.
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Prime Minister Shinzo Abe's government will also offer some financial support to people living off their pensions to bolster consumer spending, a copy of the draft obtained by Reuters showed.
Citing unnamed sources, the Nikkei newspaper said on Monday that the government is planning to raise the minimum wage by 3%. But the draft didn't provide any specifics and analysts say the government will need to do more to foster durable growth.
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