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
Shinzō Abe legislation and take questions from members of the public. The security bills were finally approved 148 votes to 90 by the House of Councillors and became law on 19 September, following opposition attempts at delaying tactics and physical altercations in which some Diet members attempted to stop the relevant chairman calling the vote to move the bill out of committee and to a general vote. After the vote, Abe issued a statement saying that the new laws "will fortify our pledge to never again wage war", and that the legislation, rather than being "war bills", was instead "aimed at deterring