Shinzo Abe Hints at Wage Surprise for Japan

The outlook for Japan, which turned a corner last year after two decades of stagnation, will become even brighter with the emergence of a “wage surprise,” according to Prime Minister Shinzo Abe.

In an editorial published on the World Economic Forum and Project Syndicate websites this week, Abe said he has come away from initial meetings between the government, business and labor leaders on a strategy where wage growth leads to stronger economic growth with confidence.

Abe said Japan is now seeing the emergence of a new consensus that the government, business and labor groups should work together to lift wages and bonuses.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza