Japan's government has come up with a bill to establish economic deregulation zones across the country. The aim is to attract investment from inside and outside Japan.
The Cabinet approved the bill on Tuesday.The bill calls for setting up an advisory panel in the Cabinet office with the prime minister as its chief to determine which regions will become special zones.
The selected zones will each have a panel to draw up specific business plans. The panel is to be comprised of a government minister, the head of the local municipality and representatives of private sector businesses.
Regulations that are to be eased are specified in each zone.
One is to increase the number of beds in hospitals that provide advanced medical services in a zone so that it will become a hub for global medical services.
Another proposal is to allow more floor space in high-rise condominiums in urban areas.
Source: NewsOnJapan
The selected zones will each have a panel to draw up specific business plans. The panel is to be comprised of a government minister, the head of the local municipality and representatives of private sector businesses.
Regulations that are to be eased are specified in each zone.
One is to increase the number of beds in hospitals that provide advanced medical services in a zone so that it will become a hub for global medical services.
Another proposal is to allow more floor space in high-rise condominiums in urban areas.
Source: NewsOnJapan
