TOKYO -- Despite mounting concerns of inflation in the rest of the world, consumer prices and wages in Japan have both stubbornly resisted upward pressure for decades.
Stagnant wages squeeze purchasing power for customers and businesses alike
Customers look at an iPhone X in Tokyo in November 2017. The iPhone 12 Pro Max, the most expensive model currently on sale, costs nearly half the average monthly pay in Japan. © Reuters
TOKYO -- Despite mounting concerns of inflation in the rest of the world, consumer prices and wages in Japan have both stubbornly resisted upward pressure for decades.