TOKYO : Japan's economy likely swung back to growth in the October-December period, helped by a slight pickup in external demand, though analysts warned private consumption remains fragile, a Reuters poll showed on Friday. The expected return to expansion, albeit modest, would come at a time when the Ban
Japan's economy likely swung back to growth in the October-December period, helped by a slight pickup in external demand, though analysts warned private consumption remains fragile, a Reuters poll showed on Friday. The expected return to expansion, albeit modest, would come at a time when the Bank of Japan is debating the likelihood of a near-term exit from its massive stimulus programme, and is closely monitoring upcoming wage talks and consumer spending. "The recovery is not strong enough to regain from the 0.7% decline (annualised -2.9%) in July-September," said Shinichiro Kobayashi, principal economist at Mitsubishi UFJ Research and Consulting.
Japanese firms look increasingly set to raise wages in 2024 at a pace that would at least keep the upward momentum seen in the previous year intact, though it may take some time, well into the year, for consumers to feel the actual benefits of higher wages due to inflation.
Japanese firms look increasingly set to raise wages in 2024 at a pace that would at least keep the upward momentum seen in the previous year intact, though it may take some time, well into the year, for consumers to feel the actual benefits of higher wages due to inflation.…
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