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Economist Podcasts
Japan's Economic Revival: Wage Growth and Price Dynamics
This chapter explores the recent positive shift in Japan's economy, marked by rising wages and a shift in company pricing strategies after decades of stagnation. It highlights the implications of the Bank of Japan's decision to raise interest rates, reflecting renewed confidence in economic growth amidst ongoing inflation challenges. The discussion also addresses the delicate balance between improving wages and the rising cost of living, particularly in the context of food and energy.
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