The nation's business leaders on Wednesday urged Prime Minister Shinzo Abe's new Cabinet to swiftly address economic reforms and growth strategy to get the economy out of decades of deflation.
Keidanren, also known as the Japan Business Federation, expressed hope that the Cabinet will promote economic partnerships with other countries, lower corporate taxes and secure stable energy supplies.
The country's most powerful business lobby also called for another consumption tax hike, following the increase in April, and restoration of fiscal health among other challenges for the reshuffled Cabinet to deal with.