Abe on Labor Reforms Says Its Sensitive Not Part of Upcoming Policy Package

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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