Japan index: Wages bigger worry than spending
By Andy Mukherjee
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
With the sales tax rising from April 1, the shopping spree that pushed the Breakingviews Abenomics Index to a 12-year high in March has ended. But sluggish wages are a bigger threat than a consumption freeze. If pay disappoints, the spending gloom may become more persistent.