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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

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 wage must be included in this process," Prime Minister Shinzo Abe said after a cabinet meeting.

Mr Abe told cabinet ministers he eventually wants to raise the weighted national average minimum wage to 1,000 yen (S$11.50) per...

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