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Japan Inc. in grips of deepening labor shortage

Wages may rise in the short term, but the economy could sustain long-term damage

TOKYO -- Corporate Japan is in the grips of a labor shortage so serious that it threatens to derail the country's push to escape 20 years of stagnation.

The March tankan survey of corporate sentiment, released on Monday by the Bank of Japan, revealed a striking fact: Businesses are running out of people to hire.

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