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Headline
Some analysts look at the evidence behind the April headline numbers, and see a new trend of wage acceleration. Others are more skeptical. We’ve been in the skeptical camp, but prefer to wait a few more months before making a judgment.
Abstract
While April may have been cruel to Japan in many regards (see Alert of May 29), it was very kind on wage front. Nominal wages per worker were up 0.9% from last April—three times as much as the consensus forecast.
About Richard Katz
Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.
Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.
Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.
Recent Reports
- The Oriental Economist Report - April 2017 on April 10, 2017
- The Oriental Economist Report - March 2017 on March 07, 2017
- The Oriental Economist Report - January 2017 on January 06, 2017
Recent Posts
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on January 16, 2023
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on December 08, 2022
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on November 21, 2022
