Japan's Regular Wages Increase for a Seventh Straight Month
- Abe needs companies to share more of their profits in wages
- Higher salaries vital for consumer spending and inflation
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Regular wages in Japan rose for a seventh consecutive month as the government of Prime Minister Shinzo Abe presses businesses to boost salaries.
Base pay climbed 0.4 percent in September from a year earlier, the labor ministry said Monday. Overall labor cash earnings, which include overtime and special payments, increased by 0.6 percent and wages adjusted for inflation advanced 0.5 percent.