Ex-BOJ exec urges focusing stimulus efforts on wages not bonds

Aug 18, 2016

Ex-BOJ exec urges focusing stimulus efforts on wages not bonds

The Bank of Japan should stop its record bond purchases because the policy has failed to spur consumer prices and instead focus with the government on a wage target, according to a former central banker. While BOJ Gov. Haruhiko Kuroda’s asset purchases and negative ...

Aug 3, 2016

Raising the minimum wage

Raising the minimum legal wage is just one of several steps the government must take to improve the lives of the nation's "working poor."

Aug 2, 2016

IMF backs labor, tax reforms to boost Abenomics

The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation’s debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International ...

Jul 8, 2016

Wages in Japan down for first time in 11 months

The average monthly wage among workers in Japan in May fell 0.2 percent from a year before to ¥267,933, down for the first time in 11 months, the Health, Labor and Welfare Ministry said Friday. The drop happened because the proportion of part-time workers ...

May 9, 2016

Real wages rise in March at sharpest rate in five years

Real wages rose at the fastest pace in more than five years in March, creating hopes for greater consumer spending, government data showed Monday. Average inflation-adjusted wages gained 1.4 percent from a year earlier for the second consecutive month of growth, the Health, Labor ...