• Kyodo News


The government released Wednesday a basic growth wish list through 2020, aiming to achieve average annual economic growth of 3 percent in nominal terms by boosting demand in environmental science, health care and tourism, and creating 4.76 million jobs.

Under the New Growth Strategy, whose basic framework was approved at an extraordinary Cabinet meeting Wednesday morning, the government will strive to lift the nation’s nominal gross domestic product to around ¥650 trillion by 2020 from the expected ¥473 trillion in fiscal 2009 through next March.

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