TOKYO -- Japanese corporate chiefs announced plans for employee pay raises that would outpace 2023's at a New Year's gathering held Friday by three top business groups, in a positive sign for a key part of the effort to promote steady economic growth.
Business trends
Japan bosses say bigger wage hikes coming this year
Business groups discuss labor shortage and global risks at New Year's meeting
A number of major Japanese companies have set out plans for pay raises to help boost the economy and secure talent. (Photo by Satoko Kawasaki)
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