Japanese Prime Minister Fumio Kishida is counting on companies to raise wages to accelerate wealth redistribution, the centerpiece of his push for a new form of capitalism.
More than 60 percent of overseas affiliates of Japanese companies expect to post operating profits in 2021, rebounding from a record low of 48.0 percent the previous year but still the second-lowest l
Slightly more than half of the people in Japan who have changed jobs are happy to have done so, a recent government survey showed, underscoring how workers sought more rewarding employment conditions elsewhere.
The yen has been weakening against the U.S. dollar, but that is unlikely to be a negative for the Japanese economy, Bank of Japan Governor Haruhiko Kuroda says.
A top Japanese bureaucrat s recently published remarks critical of generous stimulus promises made by political party leaders to fight slow wage growth and low inflation ahead of the election reminded voters of the chronic lack of political commitment to fiscal discipline.