Yeah, well, talk about a lay down misere
Poll 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)
