Uniqlo operator to boost annual pay in Japan by up to 40%

Fast Retailing expects its labor costs in the country to rise by 15%

A Uniqlo store in Tokyo's Ginza shopping district. Fast Retailing's employees in Japan currently make less than those in places like the U.S. (Photo by Shihoko Nakaoka)

YUKINORI HANADA, Nikkei staff writer

January 11, 2023 02:40 JST

TOKYO -- Uniqlo operator Fast Retailing will increase annual pay for full-time employees in Japan by up to around 40% in March, closer to the clothier's wages in markets like Europe and the U.S., so it can deploy talent more flexibly worldwide.