| Asia Biz Forecast [NHK World, 24-25 January 2015] - 'China: investment landmark + Japan: falling wages' - (01|14) - "ABF-2015-01-24.nfo" yEnc (1/1) |
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| Danny Claude (antigel@synchronicity.com) |
2015/01/25 20:22 |
ABF-2015-01-24.nfo
CHINA: INVESTMENT LANDMARK
Thai conglomerate Charoen Pokphand Group (CP) and
Japanese trading house Itochu Corp are teaming up to take a
20% stake in CITIC - one of China's largest state-owned
conglomerates. News of the $10-billion deal broke the same
day as China released its weakest annual growth figures in
24 years.
We ask Ke Long, a senior fellow of Fujitsu Research Institute,
what is motivating the tie-up between 3 of Asia's biggest
business groups.
JAPAN: FALLING WAGES
Japan's big exporters are reaping profits from a
weaker yen, and that's lifted the stock market. But workers
have watched real wages fall for 17 months straight as
rising prices bite into household budgets. The government
insists bigger pay packets are a key plank in its program
for reviving the economy.
We ask David Swan, Managing Director of Japan and Korea at
Robert Walters, if wage decline is undoing Abenomics.
Report for file: ABF-2015-01-24 - China, investment landmark + Japan,
falling wages.m4v
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