Why it issues if Saudi Arabia sells oil in Chinese language yuan as a substitute of US greenbacks

Reuters

For one Jap salaryman, just about a decade of $4 annual pay rises

Jap accountant Masamitsu has now not travelled or long gone to the cinema in years and infrequently eats out. As a substitute, his annual wage of about $34,000 is going to strengthen his circle of relatives and has risen by means of simply $4 a 12 months for almost a decade. Masamitsu’s plight mirrors that of many staff at small and medium-sized companies in Japan, the place the common wage in 2020 used to be $38,515, little modified from the Nineteen Nineties and neatly underneath the common of $49,165 in nations of the Organisation for Financial Cooperation and Construction (OECD).