3% wage hike could get Japan out of crisis: German expert

3% wage hike could get Japan out of crisis: German expert

FRANKFURT, Germany - Heiner Flassbeck (in this photo), former German vice finance minister who currently serves as senior economist at the U.N. Conference on Trade and Development, proposes March 27 that Japan implement an across-the-board wage hike of around 3% in nominal terms to stimulate consumer spending and help it overcome deflation and other economic problems.

  • Product Code
  • ILEA001083687
  • Registered date
  • 2001/3/27 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2001 Kyodo News
  • Media size
  • 1864 × 1185 pixel
  • Resolution
  • dpi
  • Deployment size
  • 501.05(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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