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Japan wage growth gathers steam as reluctant retailers raise pay
Japan's retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning squeezed profits for companies, more spending money for workers, and a green light for more central bank rate hikes. Japan's labour-intensive service sector had long managed to avoid making big or sustained pay raises, by tapping a vast pool of part-time, lower-paid retirees and housewives. But that began to change last year as a rapidly shrinking working-age population and rising inflation made it harder for retailers - who employ 10% of Japan's workers - to attract and retain ... (full story)
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- Posted: Jan 21, 2025 10:23pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,983
