Japan Nears Shift to Wage-Driven Inflation, Finance Minister Says
Finance Minister Satsuki Katayama said Japan is nearing a period of sustained, wage-driven inflation, after price rises driven by higher import costs.
By Leika KiharaJapan's economy is seeing price rises driven by higher import costs and on the cusp of shifting to a period of sustained inflation driven by rising wages, Finance Minister Satsuki Katayama said on Wednesday.The government's scheduled consumption tax cut and payouts are aimed at cushi…