TOKYO - More large Japanese companies are now raising wages to attract workers and cope with chronic staff shortages, a monthly Reuters poll showed on Thursday .Still, the Corporate Survey found that higher wages aren't yet the go-to tactic for companies.
Japanese companies have typically avoided boosting wages because decades of deflation made it difficult to pass on higher costs to consumers. The poll of 495 big non-financial firms, taken from Aug 2 to Aug 12, highlighted what appeared to be a growing willingness by companies to increase wages.
Source: News Formal (newsformal.com)
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