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JAPAN – LARGE FIRMS EYEING SMALLER PAY INCREASES THIS YEAR (REUTERS)

Large Japanese firms appear set to offer smaller pay increase this year amid concerns about the global economy, Reuters reported. “Uncertainty is high on the external outlook such as the US-China trade war and Europe’s unstable politics,” Hisashi Yamada, senior economist at Japan Research Institute told Reuters. “On top of that, a national sales tax is scheduled to increase in October.” Large companies had raised wages above 2% in the spring for the last five years.

Source: staffingindustry.com