business

Japan raises GDP outlook for FY2021

6 Comments
By Kaori Kaneko

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Thomson Reuters 2020.

©2024 GPlusMedia Inc.

6 Comments
Login to comment

And the tax forecast?

0 ( +1 / -1 )

GDP revised based on another government spending package.

Great economy...

0 ( +1 / -1 )

based on another government spending package.

It would be nice if the private sector stepped up to the plate. But unfortunately, most companies are struggling to survive, cutting workers and/or their wages, holding back on capital investment, as the pandemic wipes out demand.

-1 ( +0 / -1 )

So, wages will go up by at least a few per cent, right?

0 ( +0 / -0 )

So, wages will go up by at least a few per cent, right?

Probably not. Years ago, Japan's private sector adopted a wage-suppression model aimed at minimizing workers' wages even when corporate profits were high. The connection between corporate performance and wage levels is mostly gone. Just look at Amazon.

0 ( +1 / -1 )

You mean after 3 lost decades of stagnation and economic woes since we sign the Plaza Accord... Japan can grow again? Oh wait, this is only temporary. If the growth last more then 5 years, another Plaza Accord forced on Japan.

-2 ( +0 / -2 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites