Meeting of the Roundtable on the Promotion of Inward Investment
Prime Minister Naoto Kan attended the third meeting of the Roundtable on the Promotion of Inward Investment held at the Prime Minister's Office.
Discussion took place on the Japan Inward Investment Promotion Program.
The Prime Minister said in his opening address, "We now have set a target to increase inward investment to 84 trillion yen in five years and 104 trillion yen in 10 years; in other words, we aim to achieve more than 100 trillion yen of inward investment by 2020. I believe that the largest obstacle in the past two decades to putting Japan's deflationary economy entirely back on the path to growth has been the strong feeling that society is caught in an impasse, which has created a situation in which even if individuals or companies have money for investment or consumption they find themselves unable to use it, and so the money fails to be circulated throughout the economy. It is very encouraging for the people of Japan and the nation as a whole that the industrial sector is shifting to an aggressive business strategy by actively trying to pursue inward investment and create jobs. As such, I highly appreciate the declaration made this time."