Inflation, labor crunch prodding Japan’s smaller firms to raise pay
TOKYO – Rising inflation and an intensifying labor crunch are prodding smaller local Japanese firms to follow their big counterparts in raising pay, a move that can generate broader wage hikes and encourage the central bank to phase out its massive stimulus. Wages have barely risen in Japan since the asset bubble burst in the 1990s but have crept up recently, as companies face pressure … Continue reading Inflation, labor crunch prodding Japan’s smaller firms to raise pay
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