• Reuters

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Japanese companies are warming to mobilizing their mountains of accumulated cash for mergers and acquisitions but remain stubbornly resistant to wage increases, a poll showed on Monday.

Prime Minister Shinzo Abe’s government has struggled for years to coax companies to lift wages, seen as the missing link for a sustainable growth cycle led by consumer spending. But deep-seated doubts stirred in part by the nation’s shrinking population have left firms loath to take on higher fixed costs.

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