Abe to make pitch in City of London


Prime Minister Shinzo Abe plans to give an economic policy speech in the City of London later this month, government officials said Monday.

Abe plans to give the speech on his “Abenomics” economic policy after attending a Group of Eight summit in Britain slated for June 17-18, according to the officials.

The speech is expected to focus on Japan’s planned growth strategy and efforts for fiscal consolidation, aiming to promote foreign investment in Japan and ensure confidence in Japanese government bonds, they said.

The government plans to adopt the growth strategy at a Cabinet meeting June 14. It will include measures such as setting up special economic zones where drastic deregulation is carried out to make it easier for companies to do business.

On the same day, the government will also adopt economic and fiscal policy guidelines. The growth strategy and the policy guidelines will be explained not only at the G-8 summit but also in the envisioned speech, the officials said.

Abe also plans to visit Ireland and meet with Prime Minister Enda Kenny.