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Prime Minister Fumio Kishida on Monday asked Japanese firms to raise wages at a faster pace than this year, as the world’s third-largest economy is at a crossroads in completely emerging from deflation. “I’d like to seek your cooperation in realizing pay hikes that will exceed this year’s,” Kishida told a meeting organized by Japan’s most powerful business lobby, known as Keidanren. He did not give a numerical target. Kishida also underscored the need to support people’s disposable incomes, with a scheduled tax cut to be implemented next year. The comments came before annual “shunto” wage nego…

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