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© Thomson Reuters 2020.Japan raises GDP outlook for FY2021
By Kaori Kaneko TOKYO©2024 GPlusMedia Inc.
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© Thomson Reuters 2020.
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Cricky
And the tax forecast?
fxgai
GDP revised based on another government spending package.
Great economy...
JeffLee
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.
kurisupisu
So, wages will go up by at least a few per cent, right?
JeffLee
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.
ReasonandWisdomNippon
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.