May 9, 2018

Wages in Japan finally on the rise

Summary

Wages in Japan is finally on the rise. According to the preliminary wage report for March 2018, regular wages in Japan rose by 1.3% year on year (YoY), the highest pace of increase in 21 years. Japanese companies are also hiring more full-time workers than part-time workers. There have been a few false dawns for a wage inflation in Japan, but there is a high chance that the current pick up is a real change in the Japanese labor market.

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