Japanese savers are poised to pump $690 billion into stocks to benefit from new tax breaks as the government tries to avert a retirement cash crunch in the nation with the world’s oldest population and lowest interest rates.
As Yuka Takeda sat down with members of Kazakhstan’s government earlier this year in the capital, Astana, to discuss poverty levels, the Japanese economist noticed a stark contrast with her experience back home.
The bureaucracy that oversaw Japan’s postwar economic boom and a two-decade stagnation faces the biggest threat to its power since the U.S. occupation as Prime Minister Shinzo Abe seeks to seize control of ministries’ most senior appointments.
The Tokyo Stock Exchange is looking to come up with new rules by the end of the year urging Japanese companies to respond to rumors and speculation in a concrete manner to address complaints from overseas investors.
Nomura Holdings Inc. was fined 300 million yen ($3.8 million), the biggest penalty by the Japan Securities Dealers Association against any firm in 12 years, after employees leaked information on clients’ plans.
Kazutaka Kikawada ran track and field at Fukushima’s Yamafunyu Elementary School before becoming the local boy made good, attending the elite University of Tokyo and carving out a career that made him president of Tokyo Electric Power Co.
Wall Street banks operating in Japan are inviting nuclear physicists to inform Tokyo employees about radiation risks, providing counseling and supplying bottled water to calm workers and keep them in the city.
Japanese Prime Minister Shinzo Abe’s path to revive the world’s third-biggest economy through increased monetary stimulus will fail to turn around persistent deflation, said Waseda University professor Yukio Noguchi.