The following is the gist of a draft of the economic growth strategy, a key pillar of Prime Minister Shinzo Abe’s economic policies, unveiled Wednesday.
The government will:
- Take the lead in increasing total business investment by 10 percent over three years to around 70 trillion yen.
- Aim to boost per-capita gross national income by more than 1.5 million yen in 10 years.
- Allow the online sale of most over-the-counter drugs while ensuring consumer safety.
- Set up special economic zones to bolster investment and attract businesses from overseas.
- Create a new system permitting foreign doctors to practice medicine in the special zones.
- Increase electricity-related investment to 30 trillion yen over the next decade.
- Triple Japan’s infrastructure-related exports to 30 trillion yen and double the scale of the nation’s crop and food exports to 1 trillion by 2020.
via Mainichi
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.