Another blow to Japan's national pride looms as South Korea and Taiwan look likely to surpass Asia's second-largest economy.
When Abe did put on his reformer’s hat it was to enrich wealthy owners of stocks and real estate. Average wages stagnated, setting the stage for Korea and Taiwan—also students of Japan’s development model—to show up the teacher.
Abe went the Ronald Reagan route, giving 1980s-style “trickle-down economics” another try. Kishida wants to incentivize companies through tax benefits and regulatory inducements to share profits with workers. He hopes to prod CEOs to take big risks again with new research-and-development expenditures to devise game-changing technologies.
This outcome would be partly about top-line economic growth. Japan is seen expanding an average 2% annually through 2035, roughly half the 4%-plus rate expected for Korea and Taiwan. It’s also about the policy mix at the government level.about $40,000What’s sure to limit Japan’s wage growth is weak productivity, a product of rigid, seniority-based and risk-averse labor practices.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China won't 'bully' neighbours over S. China Sea, foreign minister saysChina will not use its strength to 'bully' its smaller neighbours including the Philippines, its foreign minister said on Monday, as he highlighted the importance of settling disputes in the South China Sea peacefully.
Baca lebih lajut »
Japan PM Kishida: Want to impose quasi-emergency on some regions from Jan. 21Japanese Prime Minister Fumio Kishida said on Tuesday that they want to impose quasi-emergency on some regions from January 21 to February 13, as repo
Baca lebih lajut »
Bank of Japan Changes Inflation OutlookThe Bank of Japan changed its inflation stance in its meeting on Tuesday for the first time since 2014.
Baca lebih lajut »
Japan weighs state of quasi-emergency for Tokyo, environs -broadcasterJapan's government is discussing whether to impose a quasi-state of emergency in the capital, Tokyo, and surrounding areas this week to contain a surge in COVID-19 infections, broadcaster FNN said on Monday.
Baca lebih lajut »
Hong Kong fund to sell Japan, S.Korea Burger King business in deal over $1bln - sourcePrivate equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than $1 billion, a person with knowledge of the matter told Reuters.
Baca lebih lajut »
Japan machinery orders rise more than expected, govt welcomes pick-up signsJapan's core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices.
Baca lebih lajut »