Japan PM Kishida vows to do utmost to ensure wage growth

TOKYO – Japanese Prime Minister Fumio Kishida said on Wednesday his government would mobilise all available policy tools to ensure wage growth, signalling the need to raise workers' pay further to offset inflation and sustain economic growth. "There are budding signs of (economic) recovery such as stock prices at a 33-year high," Mr Kishida told a press conference marking the end of regular parliament sessions. "Wage growth is hitting a 30-year high (above 3 per cent and domestic investment hit 100 trillion yen (S$947 billion); positive moves are emerging in Japan's economy." The government would create a new investment package…