Japanese Firms Offer Largest Pay Hikes in Three Decades, Boosting Consumer Demand

Japanese Firms Offer Largest Pay Hikes in Three Decades, Boosting Consumer Demand.

Japanese firms have offered the most significant pay increases in thirty years during this year’s negotiations with workers.

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Economists believe that this development will help revive weak consumer demand in Japan.

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SMEs also raised wages by 3.23%, demonstrating the fastest pace of growth in three decades.

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