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Japan wage growth gathers steam as reluctant retailers raise pay

Summary by WTVB
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) – 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-tim…
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