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Wages shape up as key to Abenomics

Wednesday, July 26, 2017 - 05:50

In the years following the economic crash in the early 1990s, Japanese workers accepted lower salaries to secure their jobs, thus weakening their negotiating positions.

Hong Kong

TO shore up his ailing premiership, Japanese Prime Minister Shinzo Abe is vowing to focus on the economy. But instead of unleashing yet more stimulus, analysts said that Mr Abe needs to take a hammer to an old chestnut: moribund wage growth.

Facilitating salary increases

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