Uniqlo operator to raise annual salaries in Japan by up to 40%

Fast Retailing Co. said Wednesday it will raise the annual salaries of its workers in Japan by up to 40 percent in March. The company said it will scrap executive allowances and implement a common grading system for deciding employees’ salaries. Starting monthly salaries for university graduates will be increased to 300,000 yen ($2,300) . . .