The government of Prime Minister
In a draft of its revised economic growth strategy, the government promised to ease regulations in the agriculture, employment and health-care areas that have been criticized as preventing the country's deflation-beset economy from recuperating.
But it remains to be seen whether many of the policy proposals will be really achieved, given the nation's precarious fiscal health and lingering protests from the farm and medical sectors that have long been protected by the so-called "rock-hard regulations."
In the draft presented to a meeting of the
The proposed tax cut is designed to invigorate investment in
The Abe administration also requested that the
The GPIF -- which has
With fears growing that a shrinking population will bring about a shortage of workers, the government said it will enable foreigners to enter the fields of housekeeping and nursing care to help more Japanese women work outside the home.
Proposed reforms in the health-care sector included an expanded system of medical treatment combining insured and uninsured services based on patients' requests.
Employment-related deregulation focused on promotion of a merit-based pay system under the so-called white collar exemption so that specialists receiving annual pay of
In the agricultural sector, the draft called for an overhaul of the
With an eye on the future launch of the
The growth strategy is the "third arrow" of Abe's economic policies dubbed "Abenomics," along with aggressive monetary easing by the
Abe's Cabinet, formed in
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