IMF says Japan wages too low, corporate cash pile too high
Bloomberg report on IMF findings on Japan
- "We are concerned the reduction in the wage bargaining power of labor has gone too far," Everaert said in an interview in Tokyo. "We have introduced too much flexibility in the Japanese labor market in favor of employers."
Today we got another poor showing for retail sales in Japan ... if wages can manage to rise then expectations are consumers will spend more and we'll get a better recovery in Japan. Dunno ... there is still the demographic question to contend with and apart from the IMF getting' all biblical on us (go forth and multiply) not much this report will do.