Category Archives: Politics

Abenomics and Japan's Economy in 2015

SOURCE: Bloomberg

DESCRIPTION:

For the second time this year, Bloomberg brought together top newsmakers to the Tokyo office to examine topics critical to Japan – this time to focus on the future of Abenomics and its impact on Japan’s growth potential in 2015.

Off the back of a strong performance in recent elections by the Liberal Democratic Party (LDP) which some commentators say reinforces the tailwind behind Abenomics, market participants are closely tracking how the core pillars of reform will materialize.

At the Tokyo seminar “How Abenomics Will Shape the Economy”, which was broadcast live to Bloomberg’s offices in London, Singapore, Hong Kong, Taipei and Dubai, the keynote address was given by Mr. Akira Amari, Minister in Charge of Economic Revitalization, Minister in charge of Total Reform of Social Security and Tax and Minister of State for Economic and Fiscal Policy.

Mr. Amari highlighted that the recent election results had given the LDP a renewed mandate to govern the nation and pursue reforms. The Japanese economy had entered a “virtuous cycle,” he said.

Mr. Amari spoke about the importance of ensuring real wages rise faster than inflation next year and how economic recovery has to be felt across the entire nation. He set out the Government’s blueprint to reduce the corporate tax rate to attract investment, regionalize Japan’s earning power, revise social and employment policies and a raft of deregulation measures across important sectors.  The growth strategy in place, he said, was to turn Japan into the most innovative country in the world.

In a panel discussion facilitated by Bloomberg, Mr. Amari was joined by Mr. Atsushi Saito, Board Member and Group CEO of Japan Exchange Group, Mr. Robert Alan Feldman, Managing Director and Chief Economist of Morgan Stanley MUFG Securities and Mr. Kazuo Ueda, Head of GPIF Governance Working Group, Professor of Economics, University of Tokyo.

Panelists noted that two thirds of the Japanese public appeared to support the reform agenda. Fiscal policies were well thought-out but still challenging to achieve. Sequencing of policy implementation would be important to mitigate potential risks. They also benchmarked progress so far under the three arrows of Abenomics, including in areas such as governance, agriculture and education policies.

With a presence in Tokyo for more than 25 years and the eyes of the financial world squarely focused on Japan’s economic reforms, Bloomberg continues to provide Japanese corporations and the global financial community with market-moving data, news and analytics essential for making well-informed decisions on regional expansion and investment opportunities.

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 315,000 subscribers globally.  For more information, visit www.bloomberg.com.

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KEYWORDS: Business & Trade, Politics, Japan, agriculture, Trade, market, Tokyo, reforms, Economics, Global, Bloomberg, csr, performance, Democratic

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Raytheon honors the patriots of the U.S. Army with $20,000 in scholarships to student veterans

800x600-raytheon-logoWASHINGTON, Oct. 14, 2014 /PRNewswire/ — Raytheon Company (NYSE: RTN), in partnership with Student Veterans of America (SVA), will provide two Army student veterans $10,000 each in scholarships under a new program making its debut at the 2014 AUSA Annual Meeting & Exposition.

D. Wayne Robinson, president and CEO of Student Veterans of America (left), and Daniel J Crowley, president of Raytheon Integrated Defense Systems, announce the launch of the Raytheon Patriot Scholarship for U.S. Army student veterans during the 2014 AUSA Annual Meeting & Exposition.
Named the Raytheon Patriot Scholarship for the company’s Patriot Air and Missile Defense System, the program offers returning soldiers an opportunity to achieve educational goals and position themselves for success in civilian professions. The scholarships will be awarded to soldiers who pursue an undergraduate or graduate degree at an accredited university and demonstrate leadership in their local community.

Applications for the scholarship grants will be accepted on the SVA website beginning on Veterans Day, Nov. 11, 2014.

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