Labour market liberalisation to be delayed, Japan PM says
7 October 2013
Japanese Prime Minister Shinzo Abe has told the Financial Times that the labour market reforms he has planned are likely to be delayed, as they “require more careful explanation” than reforms in other areas.
Mon, 7 Oct 2013Japanese Prime Minister Shinzo Abe has told the Financial Times that the labour market reforms he has planned are likely to be delayed, as they “require more careful explanation” than reforms in other areas.
The prime minister’s reform programme since coming into office at the end of last year has removing regulatory barriers at its heart.
Abe says that a relaxation of what the FT calls Japan’s “stringent job protections” is key to making the country more competitive and attractive to foreign investment.
But he tells the paper: “When it comes to redundancies, Japanese people are very sensitive. To gain people’s understanding will require more careful explanation than for other reforms.”
The prime minister’s reform programme since coming into office at the end of last year has removing regulatory barriers at its heart.
Abe says that a relaxation of what the FT calls Japan’s “stringent job protections” is key to making the country more competitive and attractive to foreign investment.
But he tells the paper: “When it comes to redundancies, Japanese people are very sensitive. To gain people’s understanding will require more careful explanation than for other reforms.”
