Reuters exclusively reports Japan Inc sees higher profits, but not wages, in year ahead - Reuters News Agency
Business & FinanceEconomy

Reuters exclusively reports Japan Inc sees higher profits, but not wages, in year ahead

An exclusive Reuters poll found a majority of Japanese firms expect to freeze or cut wages in the next year even as many see profits rising, illustrating how Japan Inc’s legendary thrift threatens Prime Minister Fumio Kishida’s drive to revive demand. More broadly, the survey underscored the most persistent problem of the world’s No.3 economy after decades of deflation: static wages that create a damaging spiral where consumers hoard cash and the economy doesn’t grow. 

Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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