Japanese PM Takaichi says it is vital to spread wage hike momentum to SMEs

Japanese PM Takaichi says it is vital to spread wage hike momentum to SMEs.

The comment from PM Takaichi emphasizes the importance of extending wage increases beyond large corporations to small and medium-sized enterprises (SMEs) in Japan. This reflects a focus on enhancing domestic consumption and potentially signals a shift in economic policy aiming at inclusive growth. Mercifully, it may also have positive implications for commodities, particularly metals, which can benefit from increased demand linked to rising wages and consumption.