A Reuters survey has found that Japanese firms plan to return their excess cash to shareholders next year rather than spend it on wage rises:
- Survey of 47 firms conducted in the week of December 15
- Barely one in 10 firms plan to raise wages in 2015
- More than 70 percent said they would spend cash reserves on dividends and share buybacks, with most of these also putting investment ahead of wage rises
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Uh-oh …
