Abe urges Japan Inc to raise capital investments, staff wages

Tokyo

AS Japan's economy flirts with its second recession in the space of a year, Prime Minister Shinzo Abe on Friday urged business leaders to step up capital investment and also investment in human resources, with the aim of spurring flagging growth in the world's third-largest economy.

His call came as some economists predict that gross domestic product (GDP) would have contracted in the third quarter, after having shrunk 1.2 per cent in the second - making for a technical recession.