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The Japan Association of Corporate Executives proposed Thursday that a Japanese version of the World Economic Forum in Davos be created for talks on various issues, including the future of the country after the end of the novel coronavirus crisis.

Kengo Sakurada, chairman of the business lobby, known as Keizai Doyukai, unveiled the plan at its general meeting in Tokyo.

Sakurada said that the envisioned forum should bring together a wide range of experts from sectors such as industry, labor, academia, politics, central and local governments, and nonprofit organizations. Issues and options for Japan’s recovery should be drawn up through free discussions, he said.

With digitization accelerating amid the COVID-19 crisis and the global community divided over growing U.S.-China tensions, the possibility cannot be ruled out that Japan will lose its global presence, Sakurada said.

“A new framework is needed outside of the current decision-making procedures,” he said, mentioning, as an example, the annual Davos forum, where political, business and other leaders from across the globe discuss a host of challenges facing the world.

Sakurada also indicated that a new team will be set up within Keizai Doyukai to put the proposed forum into action.

At a news conference after the general meeting, Sakurada said the new forum could possibly become another policy-deciding mechanism, noting that it will address tax and fiscal issues, social security reforms reflecting views of child-rearing families, education and measures to get youths interested in politics.

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