The Japan Economic Committee urges an investment of 400 billion dollars to improve the productivity of small and medium-sized enterprises.

On May 14, Glonghui reported that Japan's Prime Minister Shioha's economic advisory group proposed a five-year plan recommending an investment of 400 billion dollars to improve the productivity of small enterprises, which is a key element for the Japanese government to achieve wage increases far exceeding inflation. Small and medium-sized enterprises employ 70% of Japan's labor force and have been struggling to raise wages, as their profits on wages have surpassed those of large enterprises. The goal set by this five-year plan is to steadily achieve a real wage increase of 1% higher than the inflation rate. Specific measures include investing 60 trillion yen (approximately 407.86 billion dollars) in the public and private sectors over the next five years to allow small and medium-sized enterprises to achieve digitalization or automate operations, as well as strengthening support to promote mergers and acquisitions.