Reuters Corporate Survey: Most Japan firms heed PM Kishida’s call to raise wages this year

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More than half of Japanese companies, 53% to be exact, are planning to raise wages this year, according to a Reuters monthly poll. This meets a key request from Prime Minister Fumio Kishida to help workers cope with surging consumer prices, reported Reuters.

Also read: Japan’s PM Kishida calls on firms to give wage hikes that exceed inflation

Following the news, USD/JPY fades the bounce off 127.57 while declining to 128.60 by the press time.

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