Abenomics Hasn’t Delivered Immigration Progress

December 11, 2013 Share Print 0

During the early days of “Abenomics,” U.S. businesses were optimistic they could convince Japan’s government to make a small change to the nation’s tight immigration rules to let more household helpers into the country.

But a year after Prime Minister Shinzo Abe took office, an idea that some thought might be an easy win for immigration reform while meeting a stated aim of Abe’s growth strategy has made no apparent progress.

If Abe’s government drags its feet on one small step, it suggests scant prospects for any broader measures to let in foreign workers any time soon – which many experts say will be necessary for Japan to sustain its economic growth in the face of a rapidly shrinking workforce.

via CNBC

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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.