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Wage growth raises hopes for Japan economy
Published Tue, Sep 2, 2014 · 10:00 PM
OFFICIAL data published on Tuesday showing that monthly pay, including bonuses in Japan rose in July by 2.6 per cent from their level a year earlier, may ease pressure on the Bank of Japan to ease monetary policy further when its policy board meets later this week. This is the first time in 10 years that the rise has exceeded 2 per cent.
It may also temper criticisms t…
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