Over 62 pct of Japanese firms report pay hikes amid surging prices: survey

TOKYO, May 7 (Xinhua) -- About 62.1 percent of companies in Japan have either raised or plan to raise base pay in fiscal 2023 (April 2023-March 2024), a recent finance ministry survey showed.

The reading marked a sharp increase from 38.7 percent in the previous year as local enterprises are taking actions to secure talents and match soaring prices, according to local media reports on Sunday.

The non-manuf