ilmscore | Prediction Details
"Manoj Pradhan argued in a note back in March that Japanese workers have seen two years of falling real wages – and this feeling of getting poorer might be one of the things suppressing Japanese consumer spending. He argued back then that consumption growth would only come after consumers have recouped the purchasing power they have lost due to inflation, and that they would need several quarters of wages outstripping prices before they feel comfortable increasing consumption."
By Patrick Boyle | May 18, 2024 | Pending
From video
Japan Spent 60 Billion Dollars Defending The Yen! 00:08:04 - 00:08:36
Interpreted Prediction
Manoj Pradhan predicts Japanese consumption growth will only occur after several quarters of real wage growth (wages outstripping prices).

Prediction Details

Topic
Japanese Economy

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