Nintendo to Raise Salaries 10% as Japan Wage Inflation Climbs

Nintendo Co. plans to raise salaries by 10% for current and incoming employees in Japan starting this year, joining other corporate giants hiking wages in an increasingly tight labor market.

Domestic salaries are rising at their fastest pace in decades, complicating efforts by the central bank to keep a lid on inflation. Japanese workers’ nominal wages rose in December at the fastest pace since 1997, an acceleration in gains that’s likely to add fuel to speculation the central bank will tighten its ultra-easy monetary policy after Governor Haruhiko Kuroda steps down in April.