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
Sanji Abe Abe became the first American of Japanese ancestry to be elected to Hawaii's territorial senate; he ran from the South Hilo district as a Republican. His dual citizenship of the U.S. and Japan became a hotly discussed issue during his election campaign. His citizenship issues first came to public attention in early October; soon afterwards, Abe announced that he would be renouncing his Japanese citizenship. He received confirmation of his expatriation on November 2. The intersection of Abe's ancestry and rise to prominence set him up for negative attention from the US Army's Hawaii sub-command; he was arrested on August