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Economy

Labor costs hit 16-year high as Japan pays workers more

Big companies see salaries jump 6.6% on the year

Part-time workers' hourly wages rose 2.3% in fiscal 2017, adding costs to businesses. (Photo by Takaki Kashiwabara)

TOKYO -- Personnel expenses at Japan's large corporations have grown to their highest level in 16 years as a deepening shortage of workers has forced them to increase pay for part-timers.

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