Japan's firm labor demand spurs outlook for wage hikes

Japan's firm labor demand spurs outlook for wage hikes

In December, labor demand in Japan went up to its highest value for more than 40 years. It could definitely help employees demanding greater pay lifts at annual wage talks and also push stubbornly slow consumer price surge towards policymakers' inflation objective.

On Tuesday, the sturdy labor market data suggests that Japanese workers might be more likely to cautiously perceive the authorities’ call to have wages lifted by 3% or even more at annual talks with unions, thus raising the prospects for consumer spending as well as inflation to pick up.

In Japan, in December retail sales tacked on a hefty 3.6% from 2016, handily topping a median market estimate for a 1.8% soar, and the greatest annual soar since the 4.9% observed in April 2015, exactly when retail sales steeply rebounded after a sales tax leap in 2014.

The jobless rate edged up moderately because folks voluntarily left posts to search for better offers.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

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