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Fast Retailing to increase Japan staff’s pay by 11%

Fast Retailing’s move comes as the Bank of Japan mulls further rate increase to keep up with inflation. (AFP)
Fast Retailing’s move comes as the Bank of Japan mulls further rate increase to keep up with inflation. (AFP)
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08 Jan 2025 04:01:48 GMT9
08 Jan 2025 04:01:48 GMT9

Arab News Japan

DUBAI: Japan’s Uniqlo owner Fast Retailing revealed on Wednesday it will increase full-time headquarters and sales staff’s pay by 11 percent.

According to the Financial Times, the largest Asian clothing retailer added that monthly salaries for new employees will also rise 10 per cent to ¥330,000 ($2,085) in order to attract new talent in Japan’s labor market.

Fast Retailing’s move comes as the Bank of Japan mulls further rate increase to keep up with inflation.

On Wednesday, Fast Retailing slumped 1.3 percent, ahead of its earnings presentation on Thursday. 

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