Reuters Poll: Expect Japan wage rises next year below PM Abe's target

Dhwani Mehta FXStreet

Results of the latest Reuters poll showed that the a majority of the economists expect Japan’s wages to rise next year, but below PM Abe’s 3% target.

Key Findings:

Japanese wages will rise by 2.0% to 2.5% at next spring's annual negotiations.

38 analysts polled.

19 predicted wages will rise around 2.5%.

17 projected a gain of around 2%.

One said 3%.

One said less than 2%.

Meanwhile, the core consumer price index (includes oil products but excludes volatile fresh food prices).

Expected to average 0.6% this fiscal year and 0.8% the next.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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