Japan seeks wage hikes, over 1% GDP growth as population shrinks

Japan will exhaust "all policy tools" to sustain wage hikes that will be crucial in finally ending deflation, and pave the way for the economy to consistently grow over 1 percent even as its population is projected to shrink rapidly, a draft government policy blueprint said Tuesday.In the latest economic and fiscal policy blueprint, the government views the coming years until fiscal 2030 as a critical period for Japan, already one of the world's fastest-graying societies, to address labor shortages and boost its growth potential through strategic investments.An inflation-adjusted growth rat…READ FULL ARTICLE