TOKYO — Risks of a sharp decline in earnings is threatening Japan’s wage growth as the U.S. continues to wave its “tariff card” around the world, putting pressure on businesses that are already suffering from chronic labor shortages.
“For the past two years, Japan’s wage growth was higher than inflation. But this positive cycle could come to an end next year,” says Hiroshi Matsumoto, a senior fellow at Pictet Japan.
AloJapan.com