Norihiro Yamaguchi is senior economist with Oxford Economics in Tokyo. Makoto Tsuchiya is an assistant economist with the forecasting company.
Opinion
Pay in Japan is finally rising, but this won't boost growth much
Higher wages will have limited impact on overall inflation
The problem for Japanese workers is that inflation-adjusted wages have not been looking so good. Factoring in inflation, pay actually fell 1.8% during the last fiscal year. © Reuters
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