Household Income: Wage Growth and Salary Increases

household income: Facilitating salary increases would boost household income, and for Abe, help convince an increasingly skeptical electorate that his economic policies are working for them, according to The Japan Times. The problem is, employers remain reluctant to boost pay despite record-low unemployment and bumper profits. ; Facing two days of questioning along with aides over allegations of cronyism, Abe on Monday signaled a renewed focus on the economy and the quest to raise wages. But instead of unleashing yet more stimulus, analysts say the prime minister needs to take a hammer to an old chestnut moribund wage growth. Failure on that front has left the Bank of Japan shouldering the burden with unprecedented stimulus and still years away from meeting its 2 percent inflation target. That will definitely help. Abe needs to focus on economic policy to win support back, said Akihiko Noda, senior principal researcher at Mizuho Research Institute. (news.financializer.com). As reported in the news.