Create Quote by Fumio Kishida
“In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable sustained wage increases.”
About This Quote
Source Speech: Economic Policy Address, Japan, 2023
A virtuous cycle of higher wages and corporate growth can sustain long‑term wage growth and economic health.
In simple terms: Higher wages and growth reinforce each other.
Promote policies that link wage growth to productivity.
Themes
Mood
Type
When to use this quote
- government policy
- business negotiations
- collective bargaining
- investment decisions
Key Concepts
Questions to Reflect On
- How can productivity be measured accurately?
- What safeguards prevent wage‑inflation loops?
If growth stalls, wages may rise without matching productivity, causing inflation.