Carl Vine: The Japan Earnings Story Has Legs
The Long View
Reviving Japan's Wage-Price Spiral
The chapter explores the significant increase in wages in Japan following years of stagnation, driven by unions negotiating for higher base salaries. It discusses the shift towards encouraging wage growth to stimulate economic activity and reignite consumer confidence in spending. Additionally, it highlights the positive developments in corporate sector improvements and investor responses, emphasizing the shift towards low price to book stocks.
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