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“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.” quote by Fumio Kishida
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“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.”

Fumio Kishida

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.

Key Takeaway

Promote policies that link wage growth to productivity.

Themes

economy labor growth policy equity

Mood

optimistic strategic

Type

policy economic strategic

When to use this quote

  • government policy
  • business negotiations
  • collective bargaining
  • investment decisions

Key Concepts

macroeconomics wage dynamics corporate strategy

Questions to Reflect On

  • How can productivity be measured accurately?
  • What safeguards prevent wage‑inflation loops?
A Different Perspective

If growth stalls, wages may rise without matching productivity, causing inflation.

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