Skip to main content

Labour Cash Earnings (Dec.)

The continued stagnation in wage growth in December is disappointing and suggests that the outlook for labour income is even bleaker than we thought. This supports our view that the Bank of Japan will need to reduce interest rates further below zero.

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


Get access