Uniqlo: Fashion giant to raise pay in Japan by up to 40%- PublishedThe owner of Japanese fashion chain Uniqlo says it will raise the pay of staff in its home country by up to 40%.Fast Retailing says the new pay policy will apply to full-time employees at its headquarters and company stores in Japan from the beginning of March."In Japan especially, where remuneration levels have remained low, the company is significantly increasing the remuneration table," it added.Official figures published in November showed that Japan's economy unexpectedly shrank for the first time in a year as gross domestic product fell by an annualised 1.2% in the three months to the end of September.Recent research in Japan showed that more than three quarters of firms surveyed raised wages last year but the the majority of the increases were well below 10%."