From Reuters: "Asia might need to print new cash to mop up the oil spill. Deflation risks in the region are rising with falling crude prices. Stuffing freshly minted money into the bank accounts of indebted households could be more effective than coaxing banks to finance new investment."
"Oxford Economics expects real, or inflation-adjusted, wages in 14 Asia-Pacific economies to expand an average 5 percent this year, following 4.7 percent growth last year. Between 1992 and 2012, real wages in the region grew an average 6.6 percent."