Wages shape up as key to Abenomics

Hong Kong

TO shore up his ailing premiership, Japanese Prime Minister Shinzo Abe is vowing to focus on the economy. But instead of unleashing yet more stimulus, analysts said that Mr Abe needs to take a hammer to an old chestnut: moribund wage growth.

Facilitating salary increases would boost household income, and for Mr Abe, help convince an increasingly sceptical electorate that his eponymous economic policies are working for them.