Tax Break Won’t Convince Japan’s Employers to Raise Pay – NYT

Salary raises are a non-starter for Masataka Yoshimura, the head of a family of tailors. Increasing wages would be “truly fatal,” he said. And he is far from alone in his thinking, The New York Times reported.

Business groups, union leaders and others have questioned the feasibility of a plan by Prime Minister Fumio Kishida to offer sizeable tax deductions to companies that raise pay.

Read the full report: The New York Times.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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