Report

TOE Alert: Real Wages Drop 16th Month in a Row

posted by Richard Katz on December 02, 2014

Found in Japan, categorized in Macro

Tags: TOE Richard Katz wage BOJ

Report Cover

Headline

BOJ Governor Kuroda is haranguing firms to raise wages as part of this “virtuous cycle” plan for inflation, but firms do not raise wages because the Prime Minister or central bank chief asks them—particularly if business conditions are uncertain .

Abstract

For the 16th month in a row, real wages for workers were below year-earlier levels.

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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