Some comments by Japanese prime minister Shinzo Abe
- Will travel to the US on 17-20 April
- Will urge Trump to raise abductions of Japanese citizens with North Korea
The labour reform that Abe is trying to pass is that which helps to boost productivity – something that he abandoned at the end of February following flawed data that was used to support the bill.
And the timing of that also couldn’t have been any worse for Abe as it came right before the Moritomo scandal became the center of attention in Japanese politics.
Casting that aside, so-called productivity boost will be a plus for the Japanese economy as officials are still trying to look for solutions to meet their 2% inflation target.