Smaller increase: An employee walks past a Toyota logo at a showroom in Tokyo. Toyota has agreed to increase monthly base salaries 1,500 yen (US$13) in the year beginning April, compared with a 4,000-yen hike this fiscal year.
Companies struggling with slowing profit growth
TOKYO: Japan’s major companies are giving lower wage increases next fiscal year as Prime Minister Shinzo Abe’s efforts to boost the economy falter.
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