The Japanese government should promote deregulation in Tokyo to tap private-sector money for developing social infrastructure ahead of the 2020 Summer Olympics, external members of its panel on economic and fiscal policy said Friday.
In their proposal, the nongovernmental members urged Prime Minister Shinzo Abe to designate the capital as a special economic zone under his policy package to stimulate growth, including incentives for investment in building facilities for the sports event as well as transportation infrastructure.Earlier in the day, the government also named education minister Hakubun Shimomura to double as state minister in charge of the Olympics.
Employing private-sector funds and known-how for infrastructure development is expected to help the government decrease its fiscal burden for such projects at a time when state finances have been suffering from growing debt, the worst among major developed countries.
Source: NewsOnJapan
Employing private-sector funds and known-how for infrastructure development is expected to help the government decrease its fiscal burden for such projects at a time when state finances have been suffering from growing debt, the worst among major developed countries.
Source: NewsOnJapan
