Report on Japan Base Wages Rise for First Time in Nearly Two Years and Article

Report on Japan Base Wages Rise for send-off Time in Nearly Two Years and how it is related to the behavior of the Japanese economy - Article ExampleThere has not been any functionary overall emergence in wages since the late 90s. This means that the economy of Japan has been facing a downhill trend for almost cardinal years. Companies like Toyota and Panasonic were on board with the idea with Toyota promising a point eight increase in overall salary which has had no change since 2008 (Tabuchi 1).The gross domestic product of Japan has had an increase rate of about one percent per annum, which is a very slow rate for a third best economy state. The die hard to raise the wages will have an impact overall spending nature of workers, the more the workers have to spend the faster the economy grows. Increase in wages will give a reason for consumers to spend as opposed to the earlier trend where consumers had no need to spend. The increase is a dodge to encourage consumers to let go and spend a little more than they have been in the past. Spending more will eventually lead to an increase in the Nikkei stocks exchange