LDP touts moves to bolster 'Abenomics'

Business / Economy May 21, 2014

LDP touts moves to bolster 'Abenomics'

by Ayako Mie

Corporate tax cuts, stronger corporate governance and closing the tax gap between one- and two-income households are among the Liberal Democratic Party's recommendations for inclusion in Prime Minister Shinzo Abe's economic growth strategy, due by the end of next month. The LDP, which met Tuesday ...

Business / Economy May 21, 2014

LDP's new plan to beat deflation: more baseball

Can more baseball save Japan — or at least "Abenomics"? A set of recommendations to lift economic growth being studied by the ruling Liberal Democratic Party calls for increasing the number of pro baseball teams to 16 from 12. "Prosperous baseball teams could strengthen attachment to ...

Business Jan 21, 2014

Growth plan acceleration approved

An administration panel approved an action plan Tuesday to accelerate Prime Minister Shinzo Abe's economic growth strategy, with the coming three years designated as an intensive implementation period. The administration also specifies in the plan that it has appointed ministers in charge of promoting specific ...

Abe's 'third arrow' vital, Allianz says

Business / Economy Nov 14, 2013

Abe's 'third arrow' vital, Allianz says

The policies of Prime Minister Shinzo Abe and the Bank of Japan will fail to reignite long-term growth because they don't address structural flaws in areas such as labor and immigration, according to the chief investment officer of Allianz Global Investors. "The effects of this ...

Business Nov 13, 2013

Hospitals await OK to invest overseas

The Health, Labor and Welfare Ministry is considering allowing hospital operators in Japan to invest in overseas medical institutions under the government's growth strategy. The ministry expressed the view at a medicine and nursing care subcommittee meeting under the government's Industrial Competitiveness Council on Tuesday, ...

Business / Economy Oct 29, 2013

IMF offers guarded praise to 'Abenomics'

by Ayako Mie

"Abenomics" has brought positive results, but challenges remain as to whether Prime Minister Shinzo Abe can implement structural reform to bring about sustainable growth, the International Monetary Fund said Tuesday in its first preliminary assessment of his economic policies. "The policy actions taken so far ...

Business / Economy Aug 15, 2013

Growth talks next target: pay

The Abe administration will hold discussions with business and labor union leaders from mid-September to late in the year in hopes of raising wages and creating better working conditions for women, the pillars of a second version of its economic growth strategy, sources said. Prime ...

Business / Economy Aug 12, 2013

Japan's April-June GDP grows, affecting tax hike decision

The economy grew an annualized real 2.6 percent in the three months through June with consumption and exports recuperating, the government said Monday, possibly further swaying Prime Minister Shinzo Abe's fall decision on whether to raise the 5 percent sales tax to 8 percent ...

Online drugstore chief cheers Abe on in deregulation fight

Business Jun 20, 2013

Online drugstore chief cheers Abe on in deregulation fight

by Ayako Mie

Genri Goto, CEO and founder of online drugstore Kenko.com, senses victory after Prime Minister Shinzo Abe announced in his growth strategy earlier this month that the government would relax rules for online sales of nonprescription drugs. Four years ago, Kenko.com sued the health and labor ...

Editorials Jun 19, 2013

Growth strategy misses

The "Abenomics" growth strategy just adopted looks like a wish list of budgets with project names that will be coveted by individual government ministries.