While promoting deregulation measures and corporate tax cuts, the government should implement additional economic measures such as investment in public works projects and the abolition of the securities transaction tax, the head of the Japan Federation of Economic Organizations (Keidanren) said Monday.
Expressing concern over uncertainties regarding the nation's economic prospects, Shoichiro Toyoda, chairman of Keidanren, told reporters that the government should select priority projects such as building hub airports and optical fiber networks. "The government should place priorities among public works projects and invest in those projects," Toyoda said.
Commenting on the sagging stock prices, he also proposed that the government do something to stimulate the stock market, such as abolish the securities transaction tax.