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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.
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…
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DOI: 10.1108/OXAN-DB285105
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
The election was a major milestone for the ruling Democratic Progressive Party (DPP), which won a third presidential term, a first for a Taiwanese party since direct elections…
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DOI: 10.1108/OXAN-DB284614
ISSN: 2633-304X
Keywords
Geographic
Topical
The economy slowed sharply in the second half of 2023. Consumption is lower than a decade ago, as a consequence of population ageing and insufficient savings, which reflects a…