Toyota the Exception On Wage Hikes, Part 2

posted by Richard Katz on March 24, 2015

Found in Japan, US, categorized in Macro

Tags: TOE Richard Katz Toyota wage Japan Japanese economy

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It is certainly possible, even likely, that real wages may go up for a little while beginning in April if nominal wages go up while the decline in oil prices temporarily causes a return of deflation.


In this part 2 of the report, Richard argues that rather than rush to judgment about the impact of this spring’s wage negotiations on nominal and real wage growth based on the headlines from a few big firms like Toyota, we should wait until we get the actual numbers on wages for April and a few months thereafter.

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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