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 Sanji Abe Abe was born in Kailua, Hawaii in 1895 to immigrant parents from Japan, Matsujiro and Raku, who had arrived in the islands two years earlier as migrant workers from Fukuoka. He attended public schools there. He entered the police department as a Japanese interpreter in 1918, and as a member of the Hawaii National Guard was taken into the United States Army with his fellow guardsmen to serve in World War I. After the war, he rose to the rank of deputy sheriff. He was married to Asami Miyose Abe, with whom he had six children. In 1940,