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Japan's base salaries jump most in 31 years
short by Pragya Swastik / on Monday, 8 July, 2024
Japan's average base pay climbed 2.5% in May from a year ago, the fastest pace in 31 years. This comes as bumper pay hikes offered by companies in annual wage negotiations took effect, while part-time workers notched up some particularly strong gains. However, inflation-adjusted real wages fell for a record 26th straight month amid weakening yen and higher commodity prices.
read more at Reuters