Main Points of Shinzo Abe Growth Plan

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

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza