{"id":1906482,"date":"2023-03-29T08:26:42","date_gmt":"2023-03-29T12:26:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japan-pm-kishida-sets-eye-on-wage-rises-as-focus-of-new-capitalism\/"},"modified":"2023-03-29T08:31:43","modified_gmt":"2023-03-29T12:31:43","slug":"japan-pm-kishida-sets-eye-on-wage-rises-as-focus-of-new-capitalism","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japan-pm-kishida-sets-eye-on-wage-rises-as-focus-of-new-capitalism\/","title":{"rendered":"Japan PM Kishida sets eye on wage rises as focus of \u2018new capitalism\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjapan-pm-kishida-sets-eye-on-wage-rises-as-focus-of-new-capitalism%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1906482&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><br \/>\n<html><br \/>\n   <body><\/p>\n<div class=\"entry-content\">\n<p>\n            Prime Minister Fumio Kishida stated on Wednesday that Japan will develop a plan in June for &#8220;new capitalism,&#8221; focusing on wage growth, innovation, and resolving social issues by supporting start-ups.\n         <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">\n            <script>\n               googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });\n            <\/script>\n         <\/div>\n<p>\n            Kishida has been promoting the concept of &#8220;new capitalism&#8221; since becoming prime minister in 2021. He pledged to correct inconsistencies in the world&#8217;s third-largest economy and indicated a departure from reflationary policies by stating that there would be no growth without redistribution. Kishida said he called it &#8220;new capitalism&#8221; because of the need to alleviate downsides such as expanding inequality.\n         <\/p>\n<p>\n            Kishida aims to narrow the wage gap between domestic companies and their foreign rivals by pushing for structural wage increases, while taking into consideration different economic situations.\n         <\/p>\n<p>\n            Kishida has placed human capital investment at the heart of his growth strategy, particularly since ageing Japan is facing a serious labour shortage as its working-age population declines.\n         <\/p>\n<p>\n            Major enterprises, under pressure from Kishida, have completed their annual labour talks, resulting in an average wage increase of 3.8% for the next fiscal year, the largest in almost three decades. However, smaller firms that account for nearly 70% of the workforce are less optimistic about the future of their employees&#8217; salaries.\n         <\/p>\n<p>\n            Since the late 1990s, salaries in Japan have remained almost unchanged, and they are now far behind the average of rich countries in the OECD group.\n         <\/p>\n<\/p>\n<p>\n            Reporting by Tetsushi Kajimoto; Editing by Raissa Kasolowsky, Robert Birsel.\n         <\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/japan-pm-kishida-sets\/attachment\/file-photo-people-cross-a-street-in-tokyo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Gwyneth Paltrow&#8217;s ski collision trial continues as her accuser takes the stand<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>New details emerge about the woman who opened fire at a private school in Nashville as police release body camera footage from the shooting. Rachel Acenas brings us the latest.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>House Judiciary Committee chairman Jim Jordan tells One America News that the country understands that Manhattan District Attorney Alvin Bragg&#8217;s investigation of former President Trump is a political exercise.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nashville&#8217;s Christian community is in deep grief after the mass school shooting.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Arpan Chaturvedi NEW DELHI (Reuters) -An Indian tribunal on Wednesday gave partial relief to Alphabet Inc&#8217;s Google, setting aside four\u2026<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jason Xue and Tom Westbrook SHANGHAI\/SINGAPORE (Reuters) \u2013 Investors are buying in to China&#8217;s tech, media, and telecom shares, with speculative bets\u2026<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>MILAN (Reuters) &#8211; Italy&#8217;s top commercial broadcaster MFE-Mediaforeurope said on Wednesday that its unit Mediaset had partnered with Facebook owner Meta Platforms\u2026<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) \u2013 On-demand services from Britain&#8217;s BBC, ITV, and other public service broadcasters must remain easy to find on smart TVs\u2026<\/p>\n<\/p><\/div>\n<p>   <\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tetsushi Kajimoto TOKYO (Reuters) \u2013 Japan will draw up a plan in June on \u201cnew capitalism\u201d, focusing on wage increases, innovation and resolving social problems through support for start-ups, Prime Minister Fumio Kishida said on Wednesday. \u201cFirst of all, we will aim to compile guidelines by June with regard to labour market reform including<\/p>\n","protected":false},"author":66,"featured_media":1906483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[10013,9253,7786,4461,22414,6420,12396,4666,4562],"class_list":["post-1906482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-capitalism","tag-eye","tag-focus","tag-japan","tag-kishida","tag-new","tag-rises","tag-sets","tag-wage"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1906482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1906482"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1906482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1906483"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1906482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1906482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1906482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}