JAPANESE FIRMS DELIVER BIGGEST PAY HIKES IN 33 YEARS

Japanese companies delivered the biggest wage hikes in three decades this year, the nation's largest union said on Wednesday, prompted by labour shortages and an inflationary squeeze on household income.

Workers' monthly pay will rise 5.10% on average this fiscal year, according to a survey of companies conducted since March by union group Rengo, which has about 7 million members.

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