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Reuters

Reuters

Another year of big wage hikes likely at big Japan firms, business lobby chair says

Reuters
Summary
Nutrition label

82% Informative

Prime Minister Shigeru Ishiba sees strong wage growth as key to supporting a fragile economic recovery.

Bank of Japan has said sustained, broad-based wage hikes are a prerequisite for pushing up borrowing costs.

Japanese companies agreed to an average 5.1% wage hike in 2024 , the biggest increase in three decades .

VR Score

93

Informative language

99

Neutral language

84

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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