Wage hikes top 5% in first tally of spring ‘shunto’ negotiations
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Wage hikes in japan have exceeded 5% in the initial tally of spring 'shunto' negotiations, marking the third consecutive year of such increases. This development may have significant implications for the japanese economy, with some firms potentially struggling to absorb the higher labor costs. The impact of these wage hikes appears to be uneven, with some reports suggesting that not all workers may benefit equally.
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