Japan Needs Pickup in Base Wages: HSBC's Devalier

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)

Japan's First-Ever 'Premium Friday' Begins Today
32:18 - Tokyo workers can take free limo rides and sip champagne this afternoon, courtesy of downtown developers. SoftBank Group is giving staff extra money to hit the town. And a railway operator is running a booze train, where passengers can enjoy four hours of solid drinking. This is how some of Japan Inc. is responding to a government campaign to get the country’s chronically overworked populace to leave the office by 3 p.m. on the last Friday of every month and go spend some cash. They call it Premium Friday. But don’t be fooled by all the fanfare. Beyond the blue-chips -- and some of them are lukewarm about the plan -- it will be business as usual for most companies. Bloomberg's Min Jeong Lee has more on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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