- Politics & Government
Kishida Resolved to Wipe Out Deflationary Mindset in Japan
10:09 JST, January 1, 2024
Tokyo (Jiji Press)—Prime Minister Fumio Kishida on Monday expressed his resolve to wipe out the deflationary mindset pervading the Japanese economy.
In his New Year’s statement, Kishida said he hopes to make 2024 “a year in which we will completely break away from the deflationary sentiment and the inclination toward cost cuts that have pervaded the Japanese economy.”
“Wage hikes outpacing price increases” will be the key, he said, stressing that “the mindset of society as a whole” will be changed through public-private cooperation.
On the diplomatic front, he said, “It will be a tense year,” referring to a series of important elections this year such as the U.S. presidential election in November.
“We will be required to overcome difficulties using our diplomatic capabilities and demonstrate our unique leadership,” he said, showing his eagerness to employ top-level diplomacy.
Regarding alleged violations of the political funds control law by Liberal Democratic Party factions, he promised to do his best to regain public trust.
"Politics" POPULAR ARTICLE
Japan, U.S., S. Korea Foreign Chiefs Confirm Plans to Work Closely to Strengthen Deterrence
U.S. Warned Japan of China’s Hacking of Official Diplomatic Telegram System; Reinforcing Cybersecurity Key Concern
U.S.: Japan’s Cybersecurity Measures ‘too Little, Too Late’
Japan to Revoke Permanent Residency If Foreigners Fail to Pay Taxes
Japan and U.S. to Commence Training in Late March for Tomahawk Missile Deployment
JN ACCESS RANKING
- Current Account Surplus Doubles in ’23
- ‘All-country’ Stock Mutual Funds Popular with NISA Investors
- Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
- Pressure Mounting for Wage Increases in Shunto Negotiations; Fears about the Response of Struggling SMEs
- North Korean Workers in China Riot over Unpaid Wages; 2,000 Occupy Factory, Kill Plant Manager