A closer look at different measures of wages growth in Japan shows that, contrary to most analysis, the economic recovery in recent years has not been a “wageless” phenomenon. Even continued modest growth in nominal wages should be sufficient to support a recovery in real consumer spending as headline inflation falls sharply.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services