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Wednesday, 13th March 2013
In General Japan News,

Yahoo Japan Corp to increase staff salaries

Employees working at Yahoo Japan Corp will no doubt be pleased to hear that the company plans to introduce pay rises for its staff.

The announcement means that the company's workforce will be eligible for a pay rise of five per cent, on average.

This latest move is related to the company's performance as well as that of the individual.

Prime Minister Shinzo Abe has been calling for an increase in wages to help boost the country's ailing economy.

Reuters suggested that some companies are keen to increase the amount of bonuses staff are paid rather than boosting base salary.

The news agency quoted Yasuo Yamamoto, a senior economist at Mizuho Research Institute in Tokyo, who implied that paying bonuses may not help the economy long-term.

"The bonus increase will have less effect on boosting private spending than a rise in base salary because people tend to save such temporary increases," he said.

Written by Mark Smith

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