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8th Meeting of the Japan Investment Council
The 8th meeting of the Japan Investment Council (JIC) was held at the Prime Minister's Official Residence.
At the meeting, the JIC decided "Regarding the Facilitation of Measures for the Promotion of Foreign Direct Investment in Japan."
The government has decided on measures covering the following three areas with a view to further accelerating the efforts to achieve the goal of doubling the balance of foreign direct investment to Japan as a share of gross domestic product (GDP) over a five-year period: i) region-based economic growth and improvement in quality of living; ii) development of environment to overcome global competition for investment; and iii) active public relations at home and abroad.
Prime Minister Junichiro Koizumi said, "We have been embracing foreign capital to date, and I believe at last the Japanese society has begun moving away from the mentality that foreign investment is a threat and is increasingly embracing foreign investment. We are well on our way to realizing our goal of doubling foreign investment to Japan. We shall not be fully satisfied with this outcome, and consequently, I intend to press forward toward the goal of doubling foreign investment."