Economy of Japan employment system to drive higher wages, on top of monetary and fiscal stimulus. Shinzo Abe has encouraged firms to raise wages by at least three percent annually (the inflation target plus average productivity growth). Shareholder activism is rare despite the fact that the corporate law gives shareholders strong powers over managers. Under Prime Minister Shinzō Abe, corporate governance reform has been a key initiative to encourage economic growth. In 2012 around 40% of leading Japanese companies had any independent directors while in 2016 most all have begun to appoint independent directors. The government's liabilities include the second largest public debt
Shinzo Watanabe Shinzo Watanabe Shinzō Watanabe (渡辺 信三 Watanabe Shinzō, 23 December 1935) is a Japanese mathematician, who works on probability theory, stochastic processes and stochastic differential equations. Watanabe received from Kyoto University in 1958 his bachelor's degree and in 1963 his Ph.D. under Kiyosi Itô. Watanabe became a professor at Kyoto University. He was also a visiting professor at Stanford University and participated in the organizing committees of international Japanese/Soviet seminars on probability theory. In 1989 he received the Autumn Prize of the Mathematical Society of Japan. In 1983 he was an invited speaker at the International Congress of Mathematicians in