- The Bank of Japan’s huge treasure trove For many Japanese workers, recent times have seen inflation outstripping wage rises.
- However, with inflation now waning and wage rises on the up, salaries look set to start rising in real terms.
- Allied with a labour market at its tightest in decades, the landscape appears to be changing in favour of the employee.
- This could lead to higher interest rates, a stronger yen and further increases in the level of immigration.
Japan’s Golden Crossover – Be Careful What You Wish For
(Apr 24) Peter assesses the implications of the recent shunto spring wage negotiations for the labour market and wider economy.