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Headquarters for Japan's Economic Revitalization

Thursday, December 5, 2013

Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (1)

Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (1)

  • Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (1)
  • Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (2)

Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (2)

Photograph of the Prime Minister delivering an address at the meeting of the Headquarters for Japan's Economic Revitalization (2)

Prime Minister Shinzo Abe held the 11th meeting of the Headquarters for Japan's Economic Revitalization at the Prime Minister's Office.

During the meeting, discussion took place on economic measures for the realization of a positive cycle of the economy.

Based on the discussion, the Prime Minister said,

"This past October, in addition to raising the consumption tax rate, we decided on an economic policy package intended to achieve an exit from deflation and sustained economic growth.
As a part of this package, the 'economic measures for the realization of a positive cycle of the economy' that were decided upon today will secure the procurement of funding on a scale of over 5 trillion yen, without relying on the increased issuance of national bonds, by following a policy that utilizes natural increases in tax revenues, surplus funds, and other such funding sources to the maximum extent possible.
In addition, in terms of the content of the measures, we have been able to include different types of policies such as those to strengthen industrial competitiveness; policies for women, young people, and the elderly; policies to accelerate reconstruction, disaster mitigation, and safety measures; and furthermore, initiatives to connect current increases in corporate profit to a rise in wages. These are not transient measures. They are truly investments for the future.
I would like Deputy Prime Minister and Minister of Finance Aso to continue working towards the formulation of a supplementary budget to make these measures a reality. I request that the relevant ministers implement these measures at an early date and work to connect them to concrete achievements. 
We will also take steady steps to implement related policies based on the Japan Revitalization Strategy and strengthen the growth strategy.
To this end, we will move swiftly to make a Cabinet Decision on a work plan for policies related to the growth strategy within next month. For each policy, I will announce the minister who will be in charge as well as the implementation deadline.
Additionally, at that time, in order to achieve the further evolution of the growth strategy, we will aim to revise the strategy by the middle of next year, and the Industrial Competitiveness Council will determine the direction for future considerations. I request that the relevant ministers cooperate with these efforts, led by the Minister in charge of Economic Revitalization."

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