Japan Needs Pickup in Base Wages: HSBC's Devalier

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June 27 (Bloomberg) -- Izumi Devalier, a Japan economist at HSBC Holdings Plc, talks about the nation's economic outlook. Japan's consumer prices climbed at the fastest pace in 32 years, swelled by a sales-tax increase and higher utility charges that are squeezing household budgets as wage gains remain limited. Devalier speaks in Hong Kong with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)

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