[ Keidanren ] [ Policy ]

Request for Growth Strategy Implementation and Decisive Action for Fiscal Reconstruction


May 15, 2012
Keidanren

Outline

On May 15, Keidanren publicly released its proposal regarding growth strategy and fiscal reconstruction.

Based on the business community's strong sense of crisis over the neglect of the extremely harsh conditions of the Japanese economy and finances, カジノ シークレット 出 金 方法he postponement of reforms in these areas, this proposal calls for efforts involving prompt application of growth promotion policies established in the government's new growth strategies, and asks for decisive implementation of fiscal reconstruction through expenditure controls カジノ シークレット 出 金 方法ax increases.

Specific measures for such growth strategy involve the following: (1) early restoration and recovery following the Great East Japan Earthquake through utilization of the special zones for reconstruction, (2) establishing a level playing field in business environments through efforts including reductions in effective corporate tax rates to 25%, (3) realization of measures for promotion of innovations, including expansion of government research and development investments カジノ シークレット 出 金 方法ax programs for promoting research and development, (4) discovering domestic demカジノ シークレット 出 金 方法hrough regulatory reforms in the fields of agriculture, medical care/nursing and urban/community development, and (5) obtaining overseas demカジノ シークレット 出 金 方法hrough promotion of economic partnerships such as the TPP(Trans-Pacific Partnership), expansion of package-style infrastructure export, and efforts including tourism promotion.

As for fiscal reconstruction policies, Keidanren proposes: (1) comprehensive reforms of social security カジノ シークレット 出 金 方法axes focused on ensuring controls on benefits through streamlining and prioritization in various areas of social security with ensuring stable revenue sources, and (2) introduction of new expenditure control programs by the establishment of a spending cap in each major policy area.

With the activities and efforts mentioned above, the Keidanren's macroeconomic model forecasts that -- achievement of government goals for real and nominal economic growth by 2% and 3%, respectively, カジノ シークレット 出 金 方法 next 10 years, as well as staving off an increase of public debt to GDP ratio at approximately 250% カジノ シークレット 出 金 方法 mid-2020s.


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