Firms boost salaries to retain skilled workers

FILE PHOTO: Workers assemble cars at Honda Motor's Saitama factory in Sayama, north of Tokyo April 18, 2011. REUTERS/Issei Kato

TOKYO: Over the last five years Yokohama-based Lasertec Corp has delivered what much of Japan Inc hasn’t in decades: big pay rises.

The maker of chip-measuring equipment has boosted salaries by about a third overall since 2016.