Japan's wages rise at fastest pace in nearly 30 years

Reported by 1 outlet · first reported Nov 5, 3:08 AM ET

Japan's nominal wages rose 4.6% in September from a year earlier. It is the largest gain since 1997. Toyota and Sony also raised profit forecasts.

Why it matters

Rising pay supports spending in the world's fourth-largest economy.

Japan went decades with flat wages.

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