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
Holy See–Japan relations Minister Shinzo Abe in 2014, and Prince Akishino in 2016. Holy See–Japan relations The relations between the Holy See and Japan were informally established in 1919, when the Japanese government accepted a request by the Holy See to send an apostolic delegate to their country. It was not until 1942 that Japan began full diplomatic relations between the two states, making Japan the first Asian country to do so, and not until 1958 that the Japanese mission to the Vatican in Rome was upgraded to an embassy. The decision was made by Emperor Showa during World War II, hoping that