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
Tomoko Abe Tomoko Abe Abe is also a leader of a group of lawmakers called Energy Shift Japan, who are pushing the government to consider alternatives to nuclear power subsequent to the Fukushima nuclear power plant disaster in March 2011. Abe and Energy Shift Japan are backing a proposal to give green energy sources access to Japan's power grid. She quit the SDP shortly before the 2012 general election and joined the TPJ, founded by governor of Shiga Prefecture Yukiko Kada. The party performed poorly in the election and all the remaining diet members save Abe quit the party, meaning that the