Prime Minister Shinzo Abe is planning to establish and head a new government panel to promote deregulation in Japan through the launch of special economic zones, a centerpiece for his economic growth strategy, government sources said Monday.
Abe told a Diet committee that he could even exclude some Cabinet members from the decision-making process, if they focus too much on protecting the interests of industries under their jurisdiction and retard the debate for deregulation.
Establishing a panel would be stipulated under a bill the government is working on and which will be submitted to parliament during the ongoing session through early December.
In the envisaged “strategic special zones,” the government would allow tax breaks and other steps to facilitate businesses in sectors such as agriculture and health care.
The new panel, chaired by Abe, would have a strong enforcement capability, like the existing Council on Economic and Fiscal Policy, which helps draw up state budget and architect key economic policies, the sources said.
Its members would be limited to the chief Cabinet secretary, some economic ministers and those from the private sector, they added.
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