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Uniqlo owner gives Japan Inc a jolt with 40% wage hike

TOKYO, Jan 11 (Reuters) – Uniqlo parent Fast Retailing Co Ltd (9983.T) on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan’s rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting. The move by the casual clothing giant is likely to …

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