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Japanese companies begin to buckle as Abe pressures them to raise wages

Japan's Prime Minister Shinzo Abe

Japan Inc is running out of excuses in the face of Prime Minister Shinzo Abe’s calls for wage rises of three per cent or more.

The nation is having its best run of economic growth in a decade, stocks prices are the highest in 26 years and corporate profits are near an all-time high.

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