Jul
09
Japan’s Wage Gains Finally Take Off as Labor Shortage Bites
ByThe pace of wage gains in Japan is accelerating markedly, thanks to the exceptionally tight labor market.
Earnings jumped in May as the results of spring wage talks came in and the jobless rate hit a quarter-century low. To-be sure, stronger and sustained raises are needed for the Bank of Japan to hit its 2 percent inflation goal, and higher incomes have yet to boost consumer spending…