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ECONOMY > Economic Policy

Outline of government’s draft growth strategy

  • June 6, 2019
  • , Mainichi , p. 7
  • JMH Translation

The gist of the draft growth strategy compiled by the government is as follows:


[Developing rules for the digital market]

– Set up an interagency special organization.

– Monitor the market and companies to promote competition and technical innovation.

– Submit a bill calling on IT giants to practice fair trade in 2020.


[Deregulating the financial industry]

– Reorganize legal structures created for each business category.

– Allow various business operators to enter the money transfer service business.

– Consider establishing a law for financial intermediation service to allow loans and other cross-sectional businesses.


[Responding to a lack of drivers]

– Submit a related bill to allow municipalities and non-governmental organizations to offer transportation services by using private cars in 2020.

– Utilize taxi ride-sharing and delivery of goods by drones. 


[Securing job opportunities]

– Stipulate that companies are obligated to make efforts to secure employment, such as extending the retirement age to 70 and supporting re-employment, and eventually make these efforts compulsory.

– Require major companies to disclose information on the percentage of mid-career hires.


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