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Japan shifting to wage-driven inflation phase, finance minister says

TOKYO, Oct 21 : Japan's economy is seeing price rises driven by higher import costs and on the cusp of shifting to a period of sustained inflation driven by rising wages, Finance Minister Satsuki Katayama said on Wednesday.The government's scheduled consumption tax cut and payouts are aimed at cushioning the

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Channel News Asia broke the news in Singapore, Singapore on Wednesday, October 21, 2026.
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