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Foreign workers will ease Japan’s labour shortage

Location:

JAPAN

Near-stagnation in wages is difficult to reconcile with reports of a very tight labour market in which firms struggle to hire. The answer lies partly in much higher levels of…

Doctors’ strike may spell crisis for Seoul

Location:

SOUTH KOREA

President Yoon Suk-yeol’s administration aims to remedy a chronic shortage of doctors in South Korea. Public opinion is firmly behind Yoon, but the KMA has enjoyed past success in…

US trade exposure to China will remain high

Location:

CHINA/UNITED STATES

In January-November, imports of Chinese goods dropped more than 20% year-on-year. China’s share of total US imports plunged to 13.9% from 16.7% in the same period in 2022, while…

Iran will temporise over the broken pensions system

Location:

IRAN

The country’s system of pension funds has long been close to bankruptcy, but awareness of the urgency of the issue has increased over the past year. Nonetheless, proposed pension…

Japan’s wage hikes will expand income gaps

Location:

JAPAN

Elevating stagnant wages is Tokyo’s top priority and anti-deflation tool, necessary in creating a virtuous cycle of rising prices and incomes that boosts economic growth.

Inflation and inequality to pressure Cuban government

Location:

CUBA

Price hikes for petrol, electricity, water and gas are among several adjustment measures that will drive up living costs, compounding already high inflation. Meanwhile…