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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…
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
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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
EU: ECB policy rests on wage growth continuing to slow
Disinflation is underway on both sides of the North Atlantic, but it is not yet deeply entrenched, giving both central banks a reason to delay cuts. The ECB must contend with…
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DOI: 10.1108/OXAN-DB285238
ISSN: 2633-304X
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UNITED KINGDOM: Wages not easing as fast as expected
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DOI: 10.1108/OXAN-ES279776
ISSN: 2633-304X
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Geographic
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The UK economy has struggled more than its EU and North American counterparts since the pandemic, and the Bank of England (BoE) has been criticised for initially underplaying the…