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
Akie Abe Akie Abe Born , Akie is regarded as a socialite. She is from a wealthy Japanese family; her father is the former president of Morinaga & Co., one of Japan's largest confectionery companies. She was educated at Sacred Heart School in Tokyo (or "Seishin Joshi Gakuin"), a Roman Catholic private elementary through high school, then graduated from Sacred Heart Professional Training College. Abe later worked for Dentsu Inc., the world's largest advertising agency, before marrying Shinzo Abe in 1987. The couple have no children, having undergone unsuccessful fertility treatments earlier in their marriage. In the late 1990s, Abe worked as