ECONOMY

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ECONOMY > Economic Policy

Source of revenue to be key issue for planned economic stimulus package this fall

The key questions for the economic stimulus package that the government plans to compile this fall will be how to raise the potential growth rate of the Japanese economy that has sunk to less than 0.5% and how to flesh out structural reforms, such as reform of the labor market. This major stimulus package is expected to exceed 10 trillion….Read more

  • July 12, 2016
  • , Nikkei , p. 2
  • Translation

ECONOMY

While the opposition parties declared Abenomics a failure during their Upper House election campaign, the Liberal Democratic Party (LDP) still gained support from municipalities that have not yet benefitted from the economic policy. The number of votes obtained this time was not much different from the number gained in the 2013 Upper House election, showing the high expectations rural regions….Read more

  • July 13, 2016 – p. 15
  • , Mainichi , p. 15
  • Translation

ECONOMY

Government considers helicopter money to fund fiscal stimulus

An unusual measure, “helicopter money,” is grabbing attention in Prime Minister Shinzo Abe’s circle. “Helicopter money” is a monetary policy tool, originally theorized by Milton Freedman, in which a government’s fiscal stimulus programs are funded by the central bank that purchases government bonds without involving private financial institutions. This helps the government to swiftly circulate money to the public. During….Read more

  • July 13, 2016
  • , Sankei , p. 1
  • Translation

ECONOMY

57% of newly elected UH members approve of TPP, poll

Some 57% of those victorious in Sunday’s Upper House election are “in favor” of the Trans-Pacific Partnership (TPP) trade pact, while 30% are “opposed.” The Abe administration aims to have the TPP approved at the extraordinary session of the Diet to be held this autumn, and the makeup of the newly elected Upper House members will likely have an impact….Read more

  • July 12, 2016
  • , Mainichi , p. 14
  • Translation

ECONOMY > Trade

GOJ to seek Diet approval of TPP in autumn

Mainichi and Tokyo Shimbun reported that the Abe administration will try to ensure parliamentary ratification of the TPP accord in the extraordinary Diet session to be convened in the fall, with Mainichi quoting a GOJ source as saying: “The ruling coalition’s victory [in the Upper House race] will boost momentum for enactment in the autumn” The papers underscored, however, that….Read more

  • July 12, 2016
  • , Mainichi
  • summary

ECONOMY > Labor

Gov’t to require companies to punish maternity harassment

On July 7, the government released its draft guidelines on concrete measures to be taken by companies to prevent maternity harassment or unjust treatment and harassment in the workplace on account of pregnancy or childbirth. These measures are to be specified in work regulations, and perpetrators of maternity harassment are to be punished. The guidelines are based on the provisions….Read more

  • July 8, 2016
  • , Yomiuri , Lead story
  • Translation

ECONOMY > Energy

“Selection” of nuclear plants to be accelerated

July 8 marks the three year anniversary since the enactment of regulatory standards requiring nuclear plants to implement more stringent safety measures [for restarting suspended reactors]. Utilities have applied to the Nuclear Regulation Authority (NRA) for the safety inspection of a total of 16 nuclear plants with 26 reactors. Three plants with seven reactors passed the inspection. Of these plants,….Read more

ECONOMY

METI to support overseas strategies for 1,000 projects initiated by regional companies

The Ministry of Economy, Trade and Industry (METI) will support local companies with outstanding technologies or services in entering overseas markets. With the cooperation of 25 management consultants, engineers, and investors, METI will back companies’ creation of overseas strategies and cross-industry partnerships. As part of the Abe administration’s regional revitalization initiative, METI plans to support 1,000 projects over the next….Read more

  • July 8, 2016
  • , Nikkei , p. 4
  • Translation

ECONOMY

Record-low 10% of new recruits want to be president, Japan Productivity Center poll

On July 7, the Japan Productivity Center (JPC) et al. announced the results of their FY2016 Survey on New Recruits’ Attitude toward Work. When asked what post they would like to be promoted to in their career, a record-low 10.8% said “president.”   Every year since 1969, the JPC has taken this survey of young people who participate in its….Read more

  • July 8, 2016
  • , Mainichi , p. 28
  • Translation

ECONOMY > Trade

Former USTR official voices concern about Brexit

Asahi carried an interview with former Acting Deputy USTR Cutler, who projected that the UK’s decision to leave the EU may have adverse effects on trade negotiations between Europe and the U.S. and Japan because EU officials will probably be preoccupied with Brexit and unable to concentrate on talks with other trading partners. While admitting that it is becoming difficult….Read more

  • July 8, 2016
  • , Asahi , p.13
  • summary
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