Japan's government is expected to finalise plans later on Tuesday to raise the minimum wage, and encourage companies to increase annual pay as part of a package of policies aimed at strengthening consumer spending and stoking economic growth.
The government is also likely to offer cash handouts to some pensioners in an attempt to lessen the burden of rising food costs and do more to support the household sector.
Prime Minister Shinzo Abe and his cabinet are expected to decide the details on wages at a meeting later on Tuesday as the government tries to breathe new life into an economy that has struggled with patchy domestic demand.
"It is important to have an increase in the minimum wage that contributes to economic growth," Economics Minister Akira Amari said. "This is about raising consumer spending from the ground up and fostering a positive economic cycle."
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The government is also likely to offer cash handouts to some pensioners in an attempt to lessen the burden of rising food costs and do more to support the household sector.
Prime Minister Shinzo Abe and his cabinet are expected to decide the details on wages at a meeting later on Tuesday as the government tries to breathe new life into an economy that has struggled with patchy domestic demand.
"It is important to have an increase in the minimum wage that contributes to economic growth," Economics Minister Akira Amari said. "This is about raising consumer spending from the ground up and fostering a positive economic cycle."
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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