The ruling Liberal Democratic Party is set to promise tax incentives to encourage companies to raise wages as part of its campaign for the upcoming general election.

The move comes after new Prime Minister Fumio Kishida made wage increases for the middle class a key part of his LDP leadership campaign.

The LDP platform will also include the enactment of legislation on economic security, according to a draft obtained by Kyodo News, an issue Kishida is focusing on amid fierce competition over technology development between the United States and China.