In the media | 08 Jun 2023

Nikkei Asia: Pay in Japan is finally rising, but this won’t boost growth much

Norihiro-Yamaguchi

Norihiro Yamaguchi

Senior Economist

Tokyo, Japan

“Rising wages in Japan look set to have a limited impact on inflation and, more importantly, on economic growth in the coming years, contrary to the hopes of Kishida and Abe.” – Norihiro Yamaguchi, Senior Economist, and Makoto Tsuchiya, Assistant Economist at Oxford Economics, share an op-ed for Nikkei Asia to discuss Japan’s higher wages and its impact on inflation and economic growth.

Read the op-ed below:

Pay in Japan is finally rising, but this won’t boost growth much

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