Wage Hikes at Japan's Small Firms Closely Watched

The video discusses the challenges of raising wages in Japan amid rising inflation and costs. It highlights the difficulty of adjusting wages due to cultural and economic factors, especially for small and medium-sized businesses. While large firms are beginning to increase wages, smaller businesses struggle due to financial constraints. The video also explores the potential impact of tourism on wage increases and the need for stable wage growth to maintain inflation targets.

What role do large companies play in the wage negotiations in Japan?

What are the expectations of business owners regarding wage increases if tourism returns to Japan?