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Japan's Wages and Consumer Spending Decline, Goldman Sachs Chief Economist Leaves
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Japan's Wages and Consumer Spending Decl...
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Japan's wages and consumer spending continue to decline, putting pressure on labor groups to demand higher wage increases. The Bank of Japan sees sustainable pay increases as a prerequisite for unwinding its ultra-loose monetary policy. Meanwhile, Goldman Sachs' chief Japan economist is leaving the firm after over a decade. Blackstone expects India and Japan to be its most active markets in Asia next year. Japan's service activity shows the slowest growth this year, with weak demand.
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How might the decline in wages and consumer spending impact Japan's economy?
What are the implications of the chief Japan economist leaving Goldman Sachs?
What factors contribute to the slow growth in Japan's service activity?
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