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Laborers more pessimistic than employers over Abenomics in western Japan: survey

Xinhua, January 28, 2016 Adjust font size:

A recent survey showed that labor and management in western Japan held rather different views on the economic policies of Japanese Prime Minister Shinzo Abe, with laborers much more pessimistic about the economic outlook than employers.

The survey was conducted by non-profitable economic organization Kansai Productivity Center (KPC) with valid responses from 177 cadres of enterprises and labor unions as well as experts in the Kansai region.

According to the survey, 75 percent of the enterprise management held positives views on Abenomics on account of "improved employment situation," while 56 percent of the union cadres hold negative views, as the economic growth strategy made little headway.

For the economic goal of raising GDP to 600 trillion yen, 40 percent of the management replied it was hardly possible to achieve the goal, and the proportion of union cadres holding the same view was as high as 70 percent.

For the goal of raising birth rate to 1.8, 32 percent of the management replied unfeasible, while 64 percent of the union cadres held the same view.

Kansai region is Japan's second largest economic zone after the greater Tokyo area, with foreign trade volume accounting for 20 percent of that of Japan. Endit