Shinzo Abe has sought to damp expectations for a speedy liberalization of Japan’s labor market, pointing to strong domestic opposition to the “sensitive” but potentially crucial plank in his structural reform program.
In an interview with the Financial Times, Mr Abe said he was determined to build on the early successes of his “Abenomics” revitalization campaign by pressing ahead with deregulation.
But he conceded that a relaxing of Japan’s stringent job protections – a step that he has described as necessary to make Japanese companies more competitive and to attract foreign investment – would not be part of an forthcoming policy package.
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