Rubber stamp a group of Japanese Cabinet on Friday, have so far failed to impress the market and the Prime Minister Shinzo Abe (Shinzo Abe) commitment to the Senate in next month's elections to take more measures to stimulate economic growth measures.
Growth strategy as part of Abe's economic recovery plan, which also includes the ultra-loose monetary policy and government spending big, and has been released in batches over the past few months, investors and critics lukewarm.
Recommend measures to promote growth, including the establishment of special economic zones to promote private investment incentives and participation of women in the workforce, as well as in certain industries deregulation steps.
But it is disappointing corporate tax cuts, labor market and the liberalization of the agricultural sector steps in the absence of accelerated retreat in the Japanese stock market, dive into a bearish territory this week.
In response, the Government's proposal to invest in new equipment and facilities offer tax relief.
"The development of strategic decisions today will take this as a starting point, Abe said:" In a video message.
"I will ensure political stability and growth strategy, in the fall, I will launch the second round."
Multitude of steps and goals finalized by the government and approved by the Cabinet in the Panel of Experts Abe's six months of pushing, pulling the world's third-largest economy out of deflation, and bring sustained growth in the key points.
Pace of economic recovery in the expansion rate of 4.1% annual rate in the first quarter, to help improve global demand, a weak yen and improving ease consumer and business confidence, bursting of Japan's unprecedented monetary stimulus arising from export bank .
But at the same time, the yen recovered some lost ground, the highest level in its 10 weeks on Thursday, the number of transactions, while stocks on May 23 with more than 20 percent below the peak hit 5-1/2.
Threatened to undermine the feeling of such a market reversal effect "Abenomics", will Abe plans over time translated into consumption, output and income is a key prerequisite for sustained growth.
Keen to regain momentum Abe July 21 Senate when it reconvenes after the election Congress launched a second batch of promised reforms.
Abe survey party, which dominates the lower house, but the lack of majority in the upper chamber, should have won control of both houses.
Some economists say that this government is very natural to play it safe and avoid the most controversial step ahead of the election, saying critics should have more time to Abe.
"The government can not come up at this stage of the development strategy of significant measures, it is no surprise," a senior economist at Mizuho Research Institute Yasuo Yamamoto said.
"It will be difficult to ease regulations in a short time for those who oppose these steps must convince the most important thing is that the Government continue to send jobs and promote reform message."
Its development plan, the government also confirmed its basic fiscal deficit target of halving - March 2016 adopted budget does not include new bond sales and debt service - surplus in March 2021.
A government official said, on how to achieve these objectives details will likely in August, has developed a medium-term fiscal plan, which may include bonds and expenditure budget for the next fiscal year of the new guidelines on the ceiling.
 
 



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