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Japan to raise minimum wage by 3%

Increases will start from the next fiscal year and are aimed at strengthening consumer spending and boosting economic growth

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By legislating a rise in the basic wage, Mr Abe hopes to soften the pain workers are feeling from higher import prices due to yen weakness, analysts say.

Tokyo

JAPAN will raise the minimum wage by 3 per cent each year from the next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth.

"We need to ensure continuous economic growth supported by rising wages and the minimum