Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.
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Yuko Takeo and
Japan’s companies cut bonus payments in July, leading to a surprise drop in total pay for workers. While this was the first fall in 14 months, previous gains have been weak and well below the level needed to generate stronger inflation.
Japan’s labor market is the tightest it has been in decades, but that hasn’t translated into sustained wage pressures. Base wages for full-time workers haven’t risen more than 1 percent in any month over the last two years, and while part-time workers are seeing better per-hour pay they are working fewer hours.