Nissan agrees to hike wages, bucking trend

Newswire

TOKYO, Feb 26 (Reuters) - Bucking the trend in Japan's deflationary economy, number-three automaker Nissan Motor Co said on Wednesday it would heed to its union's requests to raise wages and bonus payments. The move came as a surprise given that most unions in Japan, even within the rosy auto industry, have not asked for a rise in base salary against a backdrop of falling prices and high unemployment. Nissan officials had also said earlier this month that they feared such a decision ...

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