With the average worker’s pay barely rising and inflation hovering just above zero, it is easy to overlook the resilience of Japan’s economic growth streak, which is currently on track to become the longest in the postwar era.
Yet both internal headwinds, such as the upcoming consumption tax hike slated for this coming October, alongside slowing global growth and stock market downturns around the world, indicate that the party may finally be coming to a close.
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