Japan's smaller firms face wage gain risks amid Iran conflict and pricing pressures
16h ago· 1 min readenNews
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Summary
The article discusses how wage gains at Japan's smaller firms are at risk due to the ongoing Iran war. These companies lack pricing power to pass rising costs to customers because of intense competition and entrenched business practices.
Key quotes
· 1 pulledMany of such companies lack the pricing power to fully pass rising costs on to customers because of intense competition and entrenched business practices.
Many of such companies lack the pricing power to fully pass rising costs on to customers because of intense competition and entrenched business practices.
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