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Japan's Wages Too Low and Corporate Cash Hoard Too High: IMF

  • Japan has given too much power to employers versus workers
  • Labor-market reforms are essential for Abenomics to succeed
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IMF Warns Japan on Wages, Cash Hoard

The rich and powerful versus the weak and underpaid.

That’s how the International Monetary Fund sees Japan’s relationship between employers and workers. Unless more is done to address the problems in the country’s labor market, Japan as a whole will be the loser, according to the IMF’s mission chief for the country, Luc Everaert.