Monday, June 23, 2014

Japanese real wage income predicted to drop by 1.4 percent in 2014, Masaaki Kanno JP Morgan

Japanese Chocolate Gift Box Copyright Peter Hanami 2014
Picture: Japanese Chocolate Gift Box 


¨Masaaki Kanno (J.P.Morgan's chief economist), predicts real wage income will drop 1.4 percent in 2014, the largest annual drop outside recessions since 1980, when records were first kept¨


Source: Wages of wars could put Japan back in play
By Henny Sender
Financial Times
Australian Financial Review
Thursday 27th February 2014, page 26