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IMF calls for policies to support wage increases in Japan

It wants Tokyo to use moral suasion, tax breaks and penalties to prod firms into granting bigger pay gains


IN a sign of how worried it is about Japan's economy, the International Monetary Fund (IMF) is urging the country to resurrect a radical strategy once employed by former US presidents Nixon, Ford and Carter - only in reverse.

It's called an incomes policy - and it...

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