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Japan Business Leaders Expect 5% Wage Hikes
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Business leaders in Japan anticipate 5% wage hikes in 2024, signaling a shift towards sustained wage growth in corporate Japan. The survey also indicates a willingness among companies to accept higher prices from suppliers to support smaller businesses in raising pay, potentially boosting economic recovery.
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How might sustained wage growth in corporate Japan affect the country's labor market dynamics and economic stability?
In what ways could this trend influence global economic trends and trade relationships?
What strategies could companies adopt to navigate the potential challenges arising from higher wages and increased competition in the market?
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