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Abe urges firms to raise wages by 3% or more

Wages at big companies have been rising slightly more than 2 per cent each year since 2014, and an increase of 3 per cent or more next year would help the Bank of Japan to reach its elusive 2 per cent inflation target.


JAPANESE Prime Minister Shinzo Abe on Tuesday urged companies to raise wages by 3 per cent or more next year, keeping up pressure on firms to spend their huge cash pile on wages to broaden the benefits of his "Abenomics" stimulus policies.

"We must sustain and strengthen...

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