Why Even a 40% Tax Break Won’t Move Japan’s Employers to Raise Pay

The country’s prime minister says lifting long-stagnant wages would jump-start the sputtering economy. Companies call the plan a nonstarter. 14 By Ben Dooley and Hisako UenoDec. 23, 2021, 5:00 a.m. ET “TOKYO — Over the last two years, Masataka Yoshimura has poured money into the custom-suit business his family founded more than a century ago. He has upgraded his factory, installed …

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