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Gist of interpellations at Upper House Budget Committee, June 25

The following is the gist of interpellations at the House of Councillors Budget Committee on June 25:

 

U.S. import restrictions

 

Makoto Hamaguchi (Democratic Party for the People): Is it also necessary for Japan to take retaliatory measures?

 

Prime Minister Shinzo Abe: Retaliation is not a goal in itself. The most important thing is to avert the application of the restrictions. The U.S.’s actions are truly regrettable in the sense that they may have adverse effects on the trade system based on the WTO rules.

 

TPP agreement

 

Hiromi Takase (Komeito): What is the strategic significance of the TPP?

 

Abe: Tapping the economic growth in the Asia-Pacific region will contribute to Japan’s economic growth. We will raise high the banner of free trade amid the spread of protectionist moves in the world.

 

IR bills

 

Mikishi Daimon (Japanese Communist Party): The number of foreign visitors is increasing steadily. You claim that casinos are meant to attract foreign tourists. Are they really necessary?

 

Abe: Integrated resorts (IR) with casinos will serve as a new catalyst for business. They are expected to be very effective in promoting tourism and regional economic development, creating jobs, and so forth.

 

(Abridged)

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