Reuters Poll: Expect Japan wage rises next year below PM Abe's target

Results of the latest Reuters poll showed that the a majority of the economists expect Japan’s wages to rise next year, but below PM Abe’s 3% target.

Key Findings:

Japanese wages will rise by 2.0% to 2.5% at next spring's annual negotiations.

38 analysts polled.

19 predicted wages will rise around 2.5%.

17 projected a gain of around 2%.

One said 3%.

One said less than 2%.

Meanwhile, the core consumer price index (includes oil products but excludes volatile fresh food prices).

Expected to average 0.6% this fiscal year and 0.8% the next.