Goldman Sachs: Japan's wages may continue to rise next year.

On July 4, Jin10 reported that Goldman Sachs economists say Japan's wage rise may continue next year, as the final results of this year's wage negotiations released by Japan's largest labor union organization show that this year's wage increase is the largest in 34 years. Economists stated that although policymakers expressed concerns that trade uncertainty may weigh on wage growth, the survey results show that labor shortages are forcing companies to continuously raise wages to retain workers. They said: "Even in next year's labor negotiations, while weaker corporate profits pose downward pressure on salary increases, we believe the impact will be limited."