Japan PM Ishiba calls on businesses for big wage rises next year

Leader is under pressure to increase welfare spending, offset climbing prices

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Japanese Prime Minister Shigeru Ishiba has pledged to lay out specific measures by next spring to achieve his policy goal of raising the average minimum wage by 42% by the end of the decade. 

TOKYO (Reuters) -- Japanese Prime Minister Shigeru Ishiba said on Tuesday that he will ask companies to implement significant wage hikes at next year's labor negotiations, as his government puts pay rises at the top of its public policy priorities.

Ishiba, whose fragile coalition government is under pressure to increase spending on welfare and offset rising prices, vowed to push for wage growth at the annual shunto negotiations next spring after Japanese companies delivered their biggest pay hike in 33 years early this year.

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