BoJ’s Shirakawa urges immediate labour market reforms

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Masaaki Shirakawa, governor of the Bank of Japan, on December 22 said Japan risked repeating the mistakes of the past if it did not make important policy decisions to address globalisation and the ageing population in the country.

At the Board of Councillors at the Japan Business Federation in Tokyo, Japan, Shirakawa said: "I recall that not many of us understood the significance of globalisation and population ageing for Japan's economy as well, as we later came to realise. In other words, it

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