Japan’s Economic Plan Has Blanks to Fill

The Japanese government is set to approve a new growth strategy billed as a fundamental rethinking of the economy, tackling deflation and renewing its energy policy after the natural and nuclear disasters of last year.

The plan, a final draft of which was released on Monday, contains goals like helping to create by 2020 more than 100 trillion yen, or $1.3 trillion, worth of new industry and 4.7 million jobs in fields like renewable energy and medicine.

But despite the grand headlines, the strategy — which is set to be approved on Tuesday by the cabinet of Prime Minister Yoshihiko Noda — adds little to the vague promises Japanese policy makers have made for months, if not years, with few results.

Read the rest of the story: Japan’s Economic Plan Has Blanks to Fill.

Leave a Reply

Your email address will not be published.