On February 3, before the peak of 1999 Spring Struggle, RENGO leaders held a high-level meeting with the Tokyo Chamber of Commerce and Industry (TCCI) at a Tokyo hotel. Both argued over pay-hikes and shortening working hours, the structural issues of small to mid-sized businesses. Further, each side asserted their opinions on a wide range of issues including economic recovery, the creation of jobs, social security, tax reform, and the low birth rate.
Secretary General Sasamori brought up the following.
- At the 4th Government-Labor-Management Employment Promotion Council, RENGO requested
that the government put in place concrete effective plans to create jobs.
- The current Tax System Amendment Bill will increase taxes for those in the middle-low income
brackets, thereby putting the great brakes on expanded consumption.
- The deflation spiral will accelerate if pay hikes are insufficient.
- RENGO does not welcome any light talk about downsizing or lowering wages.
- People living on pensions cannot get ahead with low-interest policies. We hope the TCCI will
keep pace with RENGO to seek to raise interest rates.
Subsequently both parties exchanged their opinions. Participants from the TCCI said "considering the current economic circumstances, it will be difficult to shorten working hours any more." "The low-interest rate policy is necessary to revive the Japanese economy for the time being." RENGO stated their views that "it is necessary to gain work-sharing putting in extra overtime with no pay into normal working hours." |