Fast Retailing, the owner of the Japanese fashion retailer Uniqlo, said it will raise salaries in the home country by 40 percent, a move that comes after the government and the Bank of Japan governor urged Japan Inc. to consider wage hikes in the backdrop of rising inflation and cost of living.
The Yamaguchi, Japan-based clothing company said it is raising salaries "to remunerate each and every employee appropriately for their ambition and talents, as well as increase the company's growth potential and competitiveness in line with global standards."
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.