Wall Street Journal (December 3)
“Wages are going gangbusters in the U.S.—elsewhere, not so much.” In Australia and Japan, “pay growth remains anemic… despite labor shortages.” Nor do wages appear to be rapidly accelerating in Europe, all of which is “easing pressure on their central banks to raise interest rates.”
Tags: Anemic, Australia, Central banks, Europe, Gangbusters, Interest rates, Japan, Labor shortages, Pay growth, U.S., Wages
Bloomberg (August 3)
Japan’s new proposal for stimulus “might win a few halfhearted cheers from Japan’s battered consumers, but it’s unlikely to have much of an effect. First, it’s just another in a long series of such moves, none of which have done much to jog the country out of its long, grinding stagnation.” While it “might keep the economy from falling into a recession…it’s unlikely to alter the anemic trends of recent years.”
