Japan's economy shows signs of improvement as wages in the country have surged, prompting the Japan Business Federation to call for government action to combat deflation. Top executives are responding to higher prices by increasing wages, marking a shift from decades of deflation. The Bank of Japan is considering a move towards zero interest rates following robust wage growth and record pay rises secured by unions.
It's official: Japan is in stagflation. For the first time since the 1970's. Japan's biggest companies just capitulated to the biggest wage hikes in 40 years -- 12% in some cases. This sent the Bank of Japan into a panic, and could finally end decades of cheap money. With… https://t.co/pCUlE10wq6
EDITORIAL: Sustained wage hike trend also vital for smaller companies | The Asahi Shimbun Asia & #Japan Watch https://t.co/zzjibTSR0d
Live news: Bank of Japan to meet after unions secure record pay rises https://t.co/3cMPARa0nm
Japan CEOs See Higher Prices, Wages With BoJ Move ‘Just A Matter Of Time’ - @business https://t.co/MaeKAnLXIY
Japan's top executives are seeing higher prices and raising wages, shifting their outlook after decades of deflation https://t.co/S63peJ8pum
In a speech Sunday, Masakazu Tokura, chairman of the Japan Business Federation, said the nation's economy has been on an upward trend on the back of robust wage growth. https://t.co/yHbDdsLOjt
Wages in Japan jumped the most in more than 30-years recently, giving the BoJ some cover to begin heading towards ZIRP from NIRP https://t.co/aw114q0G2d
Japan business lobby chief hopes for gov't efforts to end deflation https://t.co/S35nSQ6IQ4