Wage Growth: Month and Peaks Troughs

wage growth: This month, the period of growth is believed to have matched the 57-month Izanagi boom between November 1965 and July 1970. ; But economists say private consumption lacks vigor as wage growth is sluggish for regular workers, who account for 60 percent of the total workers in the country, according to The Japan Times. A Cabinet Office team determines peaks and troughs in the nation's business cycle. The expansionary phase began in December 2012, when Abe returned as prime minister touting his Abenomics reflationary policy. In June this year, the team effectively confirmed that the latest expansionary phase reached its 53rd month in April, beating the 51-month asset bubble boom between December 1986 and February 1991. Japan's real gross domestic product grew at an annual pace of 4.0 percent during the April-June period this year. The longest postwar period of growth lasted 73 months from February 2002 to February 2008. (news.financializer.com). As reported in the news.