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flag Japanese companies raise wages over 5%, a trend reflecting labor shortages and economic shifts.

flag Japan's largest business lobby, Keidanren, reports that pay hikes for employees have exceeded 5%, marking the second consecutive year of significant wage increases. flag This trend suggests a positive shift in the job market, with fewer temporary contracts and companies boosting salaries due to a labor shortage. flag The average pay raise this year stands at 5.38%, more than double the 20-year average of about 2.3%.

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