Prime Minister Shinzo Abe held the tenth meeting of the Council on Economic and Fiscal Policy at the Prime Minister's Office.

Intensive discussion took place on monetary policy, commodity prices and other matters (second round), and discussion took place on social infrastructure development and national resilience.

Based on the discussion, the Prime Minister said,

"Today Governor Kuroda showed us the way toward the realization of the 2% price stability target. I hope that everyone will continue efforts toward the realization of this.
The path to the 2% rate of increase in price index proposed by the Bank of Japan will truly result in a regime change in the macroeconomic environment. I want the ministries to exert their maximum effort to steadily connect that change to economic growth that includes increases in income and employment.
And I want the Council to scrutinize whether or not we are doing a good job of expanding the virtuous cycle that connects to improvement in the lives of the people.
With regard to social infrastructure development, I want Minister Ohta to consider how to effectively and efficiently provide truly necessary public services within a limited budget, and the creation of a framework for a regional strategy whereby regions themselves package together public projects and soft policy.
In addition, there has been coordination with relevant ministers centering on Minister Amari, and I want to see the swift compilation of an action plan for the fundamental reform of PPP/PFI involving the use of private sector funds to promote the maintenance and upgrade of infrastructure. In fact, a while ago we received a proposal from those in the private sector.
In particular, the large-scale improvement of expressways using PPP will be a trigger for the comprehensive revitalization of cities and expressways. I want Minister Ohta to proceed with specific considerations.
And for Minister Furuya, in regard to national resilience, I would like to ask you to consider immediate, necessary responses based on a way of thinking that links hard and soft efforts, and prioritizes and identifies an order of preference."