The Bank of Japan and Japanese government are hoping for wages to rsie to help fuel spending and inflation
Its slow going though
Now this from the Nikkei today, based on the paper's survey of nearly 220 firms
- Summer bonus payments fell 2.75% y/y
- Firms cite lower earnings due to the rebound in the yen
- manufacturing paying 3% less
- Service companies bonus payments down around 0.4%
Such results keep the easing pressure on the BOJ and are a yen negative
