Japan wages are seen ascending 2%-2.5% in spring

Japan wages are seen ascending 2%-2.5% in spring

Japanese wages are expected to soar by 2%-2.5% at next spring's annual talks, falling short of Prime Minister Shinzo Abe's objective of 3%, as market experts surveyed by Reuters forecast.

Abe's government is actually considering tax incentives as well as other means to encourage Japanese companies to have wages lifted by 35, hoping customers will spend more, thus accelerating Japan's stubbornly low inflation.

This year, key Japanese companies, negotiating with labor unions every spring for the purpose of agreeing on a wage lift, increased wages an average 1.98%, according to Rengo, the country’s number one labor federation.

Japanese companies are actually sitting on piles of money from firm earnings, although they’re reluctant to lift fixed costs, including wages. It’s because they’re worried about Japan's decreasing population.

They’re also eager to have a huge cash buffer at hand in case of an international political or financial downtime.


Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera