Bloomberg Surveillance Single Best Idea with Tom Keene: Richard Clarida & Suzy Welch
Oct 8, 2025
Discover the complexities of Japan's prolonged deflation and the rising political tensions linked to newfound inflation. Delve into generational differences at work, as Suzy Welch highlights the expectations of Gen Z and the challenges employers face in meeting them. This engaging conversation between industry experts offers fresh insights into economic trends and the evolving workforce landscape.
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Japan's Deflation Had Political Roots
- Japan's long deflation created public and political tolerance for falling prices.
- Achieving 2%–3% inflation after decades now produces substantial political tension.
Real Wages Tell The True Story
- Bloomberg's Tokyo desk shows real wages fell dramatically when adjusted for inflation.
- The chart highlights a grim decline in Japanese inflation-adjusted wages.
Research Into The Gen Z–Employer Divide
- Suzy Welch analyzed generational divides using academic data rather than opinion.
- Her work compares hiring managers' expectations with Generation Z's goals and emotions.