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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 time may be right to move on from what was designed to combat deflation, and attention is being given to wages for guidance. However, rising prices are not feeding through…
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
KENYA: Ruto may deliver painful wage bill reform
Behind this workforce expansion is higher immigration that has allowed considerably more new jobs without raising real wages. Immigration explains some of the strength in…
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DOI: 10.1108/OXAN-DB286716
ISSN: 2633-304X
Keywords
Geographic
Topical
Lower household consumption, residential investment and companies’ capital investment all contributed to the 2.9% (annualised) contraction. Although inflation is decelerating…
JAPAN: Policymakers will consider spending and wages
TURKEY: Minimum wage hike will add to price pressure
SOUTH KOREA: Labour will respond to minimum wage
EU: Wage growth will ease very gradually in 2023