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
Whaling in Japan 15, 1976. Former president of the Japan Fisheries Association and former Director-General of the Japan Fisheries Agency, Iwao Fujita, became the first Managing Director by appointment. In April 1976, Shintaro Abe, the Minister of Agriculture, Forestry and Fisheries, declared government support for the newly formed company. Nihon Kyodo Hogei Co. Ltd. was later renamed Kyodo Senpaku Co. Ltd. and merged with the Japan Whaling Association and Institute of Cetacean Research to create the modern Institute of Cetacean Research in 1987. In 1972, the United Nations Environmental Conference produced a 52–0 vote in favor of a 10-year global moratorium on commercial