Japan government plans to raise minimum wage to boost economy: draft
Japanese government is planning to raise the minimum wage paid to other workers to strengthen its economy, and to meet its target nominal GDP to 600 trillion yen in 5 years, a draft of economic stimulus measures showed on Monday. A Reuters-obtained draft showed that the government is also offering some financial support to people living off their pensions to boost consumer spending. Prime Minister Shinzo Abe's government will also provide a time frame for lowering the corporate tax rate below 30% to improve competitiveness, the draft showed.
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