The minimum wage has been rising for the past few years, but Japan's rates are only slightly above the average for OECD members, and labour unions have argued for bigger increases.
According to the draft policy, the government will also loosen regulations to encourage capital expenditure by small firms, and provide a time frame for lowering the corporate tax rate below 30 per cent to improve competitiveness, the report said. (SH)
Fibre2Fashion News Desk – India
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