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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan: Wages aren't rising 'in a significant way' for 80% of the workforce, author saysWilliam Pesek, author of "Japanization: What the World Can Learn from Japan's Lost Decades," discusses Japan's "shunto" wage negotiations and monetary policy, and says the country's "underlying economy" is "not exactly going gangbusters."
Persons: William Pesek Organizations: Japan
What are zombie companies? Japan's "zombie" problem has been around for a long time, said William Pesek, author of the book "Japanization: What the World Can Learn from Japan's Lost Decades." Raising the borrowing cost will put these zombie companies at risk of bankruptcy and bailouts, which could have a broader impact on the economy if there are job losses. "But the aid program has led to an increase in the number of 'zombie' companies that would otherwise have been unable to continue operating," the report added. Japan's stock markets have also been testing new highs since 2023, and higher interest rates could halt the bull run.
Persons: Adam Pretty, William Pesek, we've, Pesek, CNBC's Martin Soong, Warren Buffett's, Warren Buffett, Kazuo Ueda, Ueda Organizations: Getty, Bank of Japan, Tide, Asia Times, Japan Times, CNBC, Nikkei Locations: TOKYO, JAPAN, Roppongi Hills, Tokyo, Japan, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's stock rally has an underlying 'zombie problem,' author saysWilliam Pesek, author of "Japanization: What the World Can Learn from Japan's Lost Decades," says the "zombie problem is one of those issues the [Bank of Japan] has to worry about," adding that the central bank "also has to worry about China slowing down."
Persons: William Pesek Organizations: Bank of Locations: Bank of Japan, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. solidifying its presence in North Asia at a time when China doesn't have the bandwidth: AuthorWilliam Pesek, author of "Japanization: What the World Can Learn from Japan's Lost Decades," discusses the trilateral summit of the United States, Japan and South Korea in relation to the economic headwinds that China is facing.
Persons: China doesn't, William Pesek Locations: North Asia, China, United States, Japan, South Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapanese Prime Minister Kishida's new child care plan lacks specifics, says authorWilliam Pesek, journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades," discusses Japanese Prime Minister Fumio Kishida's plan to double child care spending.
Persons: Kishida's, William Pesek, Fumio Organizations: Japanese
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's not a great time for the Bank of Japan to make tweaks of any kind, says authorWilliam Pesek, author of "Japanization: What the World Can Learn from Japan's Lost Decades," says, however, that there could be some "interesting fireworks" from the Bank of Japan later in the year.
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