Japan’s Three Labor Principles Deflect Abe’s Three Arrows

Japan’s Three Labor Principles Deflect Abe’s Three Arrows

Yuriko Nakao/Bloomberg

Panasonic, the third-largest employer among Japan’s publicly traded companies has lost more than 1.5 trillion yen ($15.8 billion) in the past two financial years, and plans to spend 250 billion yen on restructuring during the next two years to end losses from TVs, electronic parts, mobile phones and optical devices.