The prime minister, Shinzo Abe, stood in front of the cameras in 2014 and said he was going to shake up the staid ways companies operated in Japan.
Shellshocked by years of economic malaise that followed the bubble of the 1980s, Japanese executives had clung to the status quo for years.
The Tokyo Stock Exchange has implored companies to be “conscious” of their share prices.
Japan’s Nikkei 225 index has jumped nearly 30 percent this year, far outstripping the gains for the S&P 500, the benchmark in the United States.
The Nikkei has not been this high since the early 1990s, when Japan was slumping into what is known as the Lost Decade.
Persons:
Shinzo Abe, Uniqlo, Warren Buffett
Organizations:
Citizen Watch, Tokyo Stock Exchange, Nikkei
Locations:
Japan, United States