Indobusiness - Prime Minister of Japan, Shinzo Abe, will encourage corporations that exist in the country to invest more aggressively because currently considered as the right time to invest, following the emergence of market optimism and weakening of the yen exchange rate.
To that end, the Government of Japan pledged to eliminate the obstacles that prevent corporations from investing to expand. This policy is a package that was released Shinzo Abe to restore the economic might of Japan as the third largest economic power in the world, which is currently plagued by deflation.
Policy released Friday afternoon (05/17/2013) This is a "third arrowhead" of economic policy "Abenomics" government run Shinzo Abe. The previous two arrowheads is allocating government spending massively and aggressively easing monetary policy.
Two previous packet has been successfully pumping optimism among market players and industry, which has been hit by the economic slump caused by deflation.
"I will make the next three years as the period for attracting investment and we will eliminate all the factors that exacerbate domestic investment through measurable actions, such as reviewing the existing taxation system reform of the bureaucracy, finance, and establish a new system," Abe said in a speech.
Abe explained, private investment in Japan tend to be stagnant, even declining. Last year, private equity investors invested around 63 trillion yen (615 billion U.S. dollars), or 10 percent lower when Lehman Brothers was still standing. For that, he is targeting the investment could rise to 70 trillion yen.
"I will be visiting various countries if possible, so that sales of goods produced in Japan for the better," he continued. One of the countries that have been included in the schedule of his visit is Myanmar.
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