Nikkei Survey on Japan’s wages and lower payment

The latest survey published by the Nikkei, a Japanese daily, reveals that the Bank of Japan (BOJ) and Japanese government are hoping for wages to rise to help fuel spending and inflation.

Key findings of the survey:

The paper's surveyed nearly 220 firms

Summer bonus payments fell 2.75% y/y

Firms cite lower earnings due to the rebound in the yen

Manufacturing paying 3% less

Service companies bonus payments down around 0.4%