Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Thematic (Sector/Industry)

United states / Thematic (Sector/Industry)

A tight labour market drives inflation through higher wages to attract scarce labour, as noted by William Phillips in 1958<a href="#_ftn1" target="_blank">[1]</a>.The inverse link between unemployment and inflation becomes apparent at times when other factors that influence inflation, such as oil prices, are more or less stable. As long as we are in one such period, we should ignore a tighter labour market at our own peril.To illustrate the Philips model, let’s take a broad measure of US unemployment, U6 (available since 1994)…

A tight labour market drives inflation through higher wages to attract scarce labour, as noted by William Phillips in 1958[1].The inverse link between unemployment and inflation becomes apparent at times when other factors that influence inflation, such as oil prices, are more or less stable. As long as we are in one such period, we should ignore a tighter labour market at our own peril.To illustrate the Philips model, let’s take a broad measure of US unemployment, U6 (available since 1994)…

Inflation Vs. Unemployment, Revisited