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.
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