Japan needs the growth of salaries, according to Business Insider, citing data from the IMF report. As the document says, wages have increased by only a paltry 0.3% since 1995. In 2015, the car manufacturer Toyota increased ‘base’ salary to its staff by only 1.1%. Average wage growth in 219 companies of the Japan Business Federation Keidanren (which includes the country's largest corporations) amounted to 0.4%. At the same time, Japan possesses massive pile of cash: some 377 trillion yen ($3.7 trillion), writes the British magazine The Economist. 

 

 

 

 

Photo: www.bloomberg.com

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