Investment Week (May 19)
2014/ 05/ 20 by jd in Global News
At just 3.6%, Japan’s unemployment rate is extremely low and this should promote inflation. “Labour shortages have already driven wages higher for part-time workers. Adding to this, the demand to provide new infrastructure for the 2020 Olympics in Tokyo and the need to replace equipment should also serve to further stimulate the economy.” The OECD has forecast that “only Japan, New Zealand, and Israel are expected to grow faster than their previously forecasted GDPs in 2014.”
Tags: 2020 Olympics, Economy, Equipment, GDP, Inflation, Infrastructure, Israel, Japan, Labor, New Zealand, OECD, Shortage, Tokyo, Unemployment rate, Wages, Workers
