Reported about 15 hours ago
Japan's ruling Liberal Democratic Party has pledged to secure a cumulative 50% increase in workers' pay by 2040 alongside a goal to expand the economy to ¥1 quadrillion ($6.9 trillion). The party aims to raise real wages by 1% and nominal wages by 3% annually, targeting an increase of ¥1 million in annual pay by 2030. In response to inflation issues, the party plans to distribute cash handouts to low-income individuals and families. Prime Minister Shigeru Ishiba will lead this initiative ahead of the upcoming upper house elections.
Source: YAHOO