The coming three years will be an "intensive investment-prompting period" to accelerate an economic growth strategy aimed at conquering nearly two decades of deflationary recession, the government said Wednesday.
In the outline of the growth strategy, presented by economic and fiscal policy minister Akira Amari earlier in the day, the government also deemed the next five years an "emergency structural reform period," pledging to bring about industrial reorganization by taking such steps as promoting labor market flexibility.
After a meeting of the industrial competitiveness council, which has been discussing the strategy, Amari told reporters that Prime Minister Shinzo Abe's administration will present a rough draft of the strategy at the next gathering of the panel, scheduled for next week.