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
2012 Japan national football team 2012 Japan national football team The Japan national football team in 2012, managed by head coach Alberto Zaccheroni, competed against international exhibition matches both at home and abroad and later in the third and fourth rounds of the 2014 FIFA World Cup qualification. International Friendly (2012 Kirin Challenge Cup) 2014 FIFA World Cup qualification (AFC) Third Round International Friendly (2012 Kirin Challenge Cup) 2014 FIFA World Cup qualification (AFC) Fourth Round 2014 FIFA World Cup qualification (AFC) Fourth Round 2014 FIFA World Cup qualification (AFC) Fourth Round International Friendly (2012 Kirin Challenge Cup) International Friendly (2012 Kirin Challenge Cup) 2014