Central Bankers Reveal 2.5% Wage Growth Secret Japan Doesn't Want You to Know
Key Points
- Japan's 2.5% wage growth is misleading as real wages have fa...
Japan's 2.5% wage growth sounds impressive until you realize it's like getting a raise with one hand while inflation picks your pocket with the other. The Bank of Japan's Governor Kazuo Ueda dropped this sobering reality check at Jackson Hole on August 23: despite nominal wage growth hitting 2.5% year-on-year and major firms dishing out raises over 5%, real wages have been falling for six straight months. That's the economic equivalent of running uphill on a treadmill that keeps speeding up.
The culprit? Japan's demographic time bomb has finally exploded into a full-blown labor shortage. Four...
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