Japanese firms look increasingly set to raise wages in 2024 at a pace that would at least keep the upward momentum seen in the previous year intact, though it may take some time, well into the year, for consumers to feel the actual benefits of higher wages due to inflation.That bodes ill for Prime Minister Fumio Kishida who is seeking to help ordinary people cope with the current cost-of-living crisis with inflation-relief measures. Amid market expectations of the Bank of Japan moving to normalize monetary policy as early as January, the months ahead will be challenging if the country shift…READ FULL ARTICLE
