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    Japan must promote wage, investment growth, says PM Kishida

    By Leika Kihara,

    3 hours ago
    https://img.particlenews.com/image.php?url=0SbX0H_0uxDiWvb00

    By Leika Kihara

    TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Wednesday the government must continue to promote growth in wages and investment for the economy to make a full exit from deflation.

    Kishida said one of his administration's achievements had been to lay the groundwork for pulling Japan fully out of deflation.

    "In order to fully emerge from a deflation-prone economy, we must accelerate wage and investment growth, and ensure we achieve our goal to expand Japan's gross domestic product to 600 trillion yen ($4.10 trillion)," Kishida told a news conference.

    Kishida made the remark at a news conference where he said he would step down as ruling party leader and not run in the party's leadership race expected in September.

    ($1 = 146.4200 yen)

    (Reporting by Leika Kihara; Editing by Tom Hogue and Muralikumar Anantharaman)

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