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The Japanese government is drafting a new strategy for growth
22:22
One organ Japanese government drafted a new strategy of economic growth in order to stimulate private sector investment.

Competition Council in the industry, introduced the project at its meeting on Wednesday.

The new strategy of economic growth is the third basis for the policy of Prime Minister Shinzo Abe in economics. Other substrates are active easing of monetary policy and a flexible fiscal policy.

The project has three key factors - namely, improving the competitiveness of Japanese manufacturers, support to promising areas and an increase in foreign revenues.

In order to increase the competitiveness of producers of the Japanese government plans to encourage significant capital expenditures over the next three years.

The Japanese government also plans to provide a sharp deregulation to the field of product development and create a special strategic areas in order to provide tax relief for certain regions or areas of the business.

Source: NHK
Views: 940 | Added by: vladgon | Tags: Government, monetary policy, Growth, Investment, economy, fiscal policy | Rating: 0.0/0 |
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