In case you missed it…After decades of deflation, Japan is steadily becoming less of an economic outlier. Wages and input costs are rising, and interest rates long in negative territory have been raised for a second time this year. For smaller businesses that constitute 90% of its economy, this poses an existential problem: Prices need to rise, but many business owners don't know how to ask for more money. On the Big Take Asia podcast, Bloomberg's Reed Stevenson details his visit to a class where people are relearning the long-lost skill of negotiation. Read the story. Listen to the podcast on iHeart, Apple and Spotify. |
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