Japan index: Wages and consumption stymie recovery
By Andy Mukherjee
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Firmer prices, stronger bank lending and higher manufacturing output helped the Breakingviews Abenomics Index reverse half the previous month’s decline in July. But unless wages and spending rise, Prime Minister Shinzo Abe will struggle to win his war against deflation.