Japan's jobs-for-life system a reason for static wages

Sep 20, 2016

Japan's jobs-for-life system a reason for static wages

In contrast to job-hopping Americans, Japanese workers rarely jump to different companies, likely frustrating policymakers’ efforts to drive wages up. Wages fell steadily during Japan’s long battle with deflation. Raising them has been a focus of Prime Minister Shinzo Abe’s growth program, which seeks ...

Trump presidency could cost U.S. economy $1 trillion, research firm says

Sep 14, 2016

Trump presidency could cost U.S. economy $1 trillion, research firm says

The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. While the firm said Trump’s policies — including more protectionist trade measures, ...

Slower U.S. payroll growth dims September Fed rate hike prospects

Sep 3, 2016

Slower U.S. payroll growth dims September Fed rate hike prospects

U.S. employment growth slowed more than expected in August after two straight months of robust gains, and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month. Nonfarm payrolls rose by 151,000 jobs last month after ...

Aug 30, 2016

Household spending, unemployment fall in July

Household spending fell for a fifth straight month and retail sales also dropped, underscoring the weakness in domestic demand. The jobless rate was the lowest since 1995. Household spending fell 0.5 percent in July from a year earlier, the statistics bureau said on Tuesday. ...

Aug 19, 2016

Abe's 'work style' reforms

Shinzo Abe's newest pet policy could run into a lot of resistance from management and whether anything actually gets done will depend on just how serious he is.