Japan's Fast Retailing says it will raise wages as much as 40%

TOKYO (Reuters) - Japan's Fast Retailing Co, operator of the Uniqlo clothing chain, said on Wednesday it would revise its pay system for employees, raising wages as much as 40%.

The pay system will be revised from March, the company said in a statement, adding that levels in Japan would be significantly increased.

(Reporting by Rocky Swift; Editing by Tom Hogue)