The leader of Japan¡¯s largest labor union group urged Prime Minister Sanae Takaichi¡¯s government to do more to fight inflation to help ensure that workers¡¯ wage gains outpace increases in the costs of living.
¡°Prices keep rising, and with the yen this weak, import costs could go up even further,¡± Tomoko Yoshino, chair of the Japanese Trade Union Confederation, known as Rengo, said in an interview with Bloomberg Tuesday.
¡°We really expect the government to bring prices under control,¡± Yoshino said, adding that the nation¡¯s overall inflation gauge should be around 2%, rather than the roughly 3% to 4% pace that Japan has experienced over the past year.
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