Abe adviser Ito touts minimum wage hike, taxing cash hoards

Business May 30, 2017

Abe adviser Ito touts minimum wage hike, taxing cash hoards

Targeted measures to push Japanese wages and inflation higher should be used instead of deploying additional monetary or fiscal stimulus, according to Takatoshi Ito, an adviser to Prime Minister Shinzo Abe. The tight labor market is bringing long-awaited pay increases to some workers, but the ...

Pension investment fund must ditch JGBs: Ito

Business Dec 6, 2013

Pension investment fund must ditch JGBs: Ito

by Anna Kitanaka and Shigeki Nozawa

The world's biggest retirement fund needs to cut bond holdings now because the Japanese government will follow an advisory panel's recommendation that the wealth manager seek higher returns, the panel's head said. The ¥124 trillion Government Pension Investment Fund should pare domestic bonds immediately to ...