The Abe administration will hold discussions with business and labor union leaders from mid-September to late in the year in hopes of raising wages and creating better working conditions for women, the pillars of a second version of its economic growth strategy, sources said.

Prime Minister Shinzo Abe's team will also map out an interim report by the end of December on how to promote structural reform in the tightly regulated areas of agriculture, employment and health care, they said.

To conduct intensive debate on regulatory issues, the government plans to set up sectional committees under the industrial competitiveness council, which has been discussing the growth strategy, one of the key planks of the prime minister's economic policies dubbed "Abenomics," along with drastic monetary easing and massive fiscal spending.