Japan wage growth gathers steam as reluctant retailers raise pay
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
0mins
Source: Reuters
Wage Increases in Japan: Japanese retailers are offering significant pay raises for the second consecutive year to attract and retain staff amid a shrinking working-age population and rising inflation, which may lead to increased consumer spending and potential central bank rate hikes.
Concerns Over Sustainability: Despite the wage hikes, there are doubts about their long-term sustainability and whether they will translate into increased consumer spending, as many workers express a preference to save rather than spend any additional income.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








