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Jakob Edberg - GR Japan

Jakob Edberg's interview for Svenska Dagbladet

GR Japan's Managing Director, Jakob Edberg, gave an interview for one of the major Swedish newspapers, Svenska Dagbladet. 

The interview was published in the 6 January edition and could be viewed on the following link.

Liquid Natural Gas Storage

TEPCO and Chubu Electric in Joint LNG Procurement

In a first such initiative in Japan, two of Japan’s major electric power companies, TEPCO and Chubu Electric, are holding a joint tender for the supply of LNG, inviting about 60 major LNG suppliers to bid. Bids are due by 19 December and a supplier will be chosen in January 2015. 

Shinzo Abe

Discussions on wage growth with the business and labor unions

Immediately after the elections, PM Abe met business and union representatives to discuss wages. The lack of wage growth, combined with the impact of yen depreciation, is seen as one of the major obstacles to lifting private consumption, an essential part of Abe’s growth strategy.  Rengo, Japan's largest labor union federation, has decided to seek an increase in annual wages of at least 2%, with the Abe administration supporting that goal.

Shinzo Abe Press

Abenomics - Continuity for Change

As the media name for the dissolution that preceded it would suggest, the last election was about one thing and one thing only – Abenomics. Economic policies were the centerpiece of both the ruling coalition and the opposition’s campaigns and also the focus of the media debates and surveys in the runoff to the elections.

Bank of Japan

The Nikkei trades high despite downgrade of Japanese debt and banks

Moody's Investors Service have downgraded the Japanese sovereign debt over the decision of the Japanese government to postpone the planned increase of the consumption tax until April 2017. The Nikkei Asian Review reports that Moody’s decision is based on doubts whether the country can reach primary balance fiscal surplus by 2020, which was one of the main goals of the current administration.