The State of the Japanese Economy: From the Perspective of Employment and Income

Research and Statistics Department
Additional contact information
Research and Statistics Department: Bank of Japan

No 2005-04-27, Bank of Japan Research Papers from Bank of Japan

Abstract: Against the background of economic recovery, the employment situation has recently been on a recovery trend as well. Developments in household income, however, have been weak in comparison to movements in nominal GDP and corporate profits, and there has been a dramatic fall in the labor share. Behind firms' persistent labor cost restraint are several factors: (1) adjustment pressures on the industrial structure so as to cope with developments such as globalization and the reduction in public works projects; (2) movements to strengthen firms' profitability; (3) structural changes in the labor market, as witnessed, for example, in the expansion in the number of non-regular employees.

Date: 2005-04-27
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.boj.or.jp/en/research/brp/ron_2005/data/ron0504a.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boj:bojron:05-e-0427

Access Statistics for this paper

More papers in Bank of Japan Research Papers from Bank of Japan Contact information at EDIRC.
Bibliographic data for series maintained by Bank of Japan ().