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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.
The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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Geographic
Topical
Millions of Venezuelans have fled their homeland in recent years as living standards have deteriorated rapidly, with the vast majority settling in other South American nations…
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DOI: 10.1108/OXAN-DB286469
ISSN: 2633-304X
Keywords
Geographic
Topical
However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…