Japanese Prime Minister Fumio Kishida has repeatedly called for companies to increase wages, a plea that has gained urgency as prices for everyday goods have surged.
Uniqlo Owner Gives Japan Inc a Jolt With 40 Percent Wage Hike businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
Uniqlo owner gives Japan, Inc a jolt with 40% wage hike bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
TOKYO - Uniqlo parent Fast Retailing Co Ltd on Wednesday (Jan 11) said it would raise wages by as much as 40 per cent, in the clearest sign yet that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting. The move by the casual clothing giant could serve as a wake-up call for Japan Inc.