Japan Economics

Japan Economics Focus

6 June, 2017

Will wage growth strengthen again?

We expect the expansion in the labour force to slow in coming years which suggests that wage growth should soon start picking up again. However, the shift to flexible employment forms, globalisation and technological progress all have undermined the bargaining power of workers. The upshot is that it will take a few more years before wage growth is strong enough to drive inflation to the Bank of Japan’s 2% target.

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.