IMF: Japan's wages too low and corporate cash hoard too high - BBG

Bloomberg reporting IMF’s latest review on the Japanese economy, highlighting the low wage scenario in the economy’s labour market.

Key IMF Headlines:

"We are concerned the reduction in the wage bargaining power of labor has gone too far"

"We have introduced too much flexibility in the Japanese labor market in favor of employers"

“The lifetime model has served the Japanese economy well from a historical perspective in the 60s and 70s"

"It’s crucial if Abenomics want to achieve their targets within the time-frame that they set for themselves"