Japanese companies raised wages by 3.89 per cent on average this year, the fastest pace of increase in three decades, according to a survey conducted by Nikkei newspaper that ran on Saturday.The pace of increase was 1.54 per cent point higher than the previous year, a sign that more companies were hiking
Japanese companies raised wages by 3.89 per cent on average this year, the fastest pace of increase in three decades, according to a survey conducted by Nikkei newspaper that ran on Saturday.
Small and mid-sized companies raised wages by an average 3.57 per cent, the highest level since comparable data became available 22 years ago, the Nikkei said. Japan's core consumer inflation hit 3.1 per cent in March, well above the BOJ's 2 per cent target, as companies passed on rising raw material costs to households through price hikes.
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