Reuters poll — economists expect Japan wage rises next year below PM Abe’s target

Yeah, well, talk about a lay down miserePoll shows:

  • Japanese wages will rise by 2.0 percent to 2.5 percent at next spring’s annual negotiations

PM Abe’s goal is 3 percent … his government is mulling tax incentives and other means to encourage companies to raise wages by 3%. Part of the cunning plan to get consumers to spend more ….
But … economists saying «no, not gonna happen.»
Poll result:

  • 38 analysts polled
  • 19 predicted wages will rise around 2.5 percent
  • 17 projected a gain of around 2 percent
  • One said 3 percent
  • One said less than 2

The poll also showed the core consumer price index (includes oil products but excludes volatile fresh food prices)

  • expected to average 0.6 percent this fiscal year
  • 0.8 percent the next

Lower than the Bank of Japan’s forecasts of 0.8 and 1.4 percent
That is Abe’s DGAF face … he just won the only poll that counts (to him)
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