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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.

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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.

E

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.