More foreign investment targeted

Kyodo

The government will accelerate efforts to attract foreign investment and stimulate greater domestic investment with deregulation and tax incentives, officials said Monday, outlining a key part of the administration’s forthcoming growth strategy.

The outline also focuses on improving the global competitiveness of the nation’s services sectors, including medical care, education and restaurants.

The government will establish special districts in which deregulation and favorable tax treatment are available for the primary policy areas of energy, health care, advanced infrastructure and the revival of regional economies.

Economic revitalization minister Akira Amari was scheduled to submit the plans to the Industrial Competitiveness Council later Monday.