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The Prime Minister in Action
Meeting of the Council on Economic and Fiscal Policy
March 11, 2015
[Provisional Translation]
Prime Minister Shinzo Abe held the 3rd meeting in 2015 of the Council on Economic and Fiscal Policy at the Prime Minister's Office.
At the meeting, discussion was held on measures for expanding the positive economic cycle for the third year and trends in foreign direct investment into Japan.
Based on the discussion, the Prime Minister said,
“We are approaching two years and three months since the start of Abenomics. The third arrow of economic policies is producing definite results. As the private sector members have proposed today, we must strengthen and enlarge consumption, as well as the positive global economic cycle, and I intend to continue measures to this end.
We have received a proposal that the industrialization of public services by incorporating private sector knowhow and funding is important for achieving both economic revitalization and fiscal soundness, as well as for the vitalization of local economies. I would like this Council to continue to hold further discussions on this subject.
Expansion of foreign direct investment into Japan is one of the pillars of our growth strategy. The appeal of Japan to investors is improving, and such investment is expanding. In order to make this a full-fledged trend, we will be holding the Conference on Promoting Direct Investment into Japan soon, which I will also attend, and we will compile a policy package.”