Kishida Urges Industry to Help End Deflation with Wage Hikes at Tokyo Auto Show
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Prime Minister Kishida visited Tokyo auto show, called for exit from deflationary past and private sector help.
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Kishida met with Toyota Chairman, other executives, emphasized need to exit deflation via redistribution of wealth and higher wages.
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Wage increases in Japan reached 3.58% this year, highest in 3 decades, due to rising costs and inflation pressures.
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Auto industry helps set pace for wage hikes in annual spring talks, Kishida previously asked for cooperation on raises.
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No specific wage discussion occurred in Kishida's Thursday meeting with auto executives.