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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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Headline

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.

Abstract

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 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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