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Japan's 3 Major Biz Lobbies Submit Policy Requests to New PM

Japan's 3 Major Biz Lobbies Submit Policy Requests to New PM

   Tokyo, Oct. 4 (Jiji Press)--Japan's three major business lobbies on Friday submitted their economic policy requests to Prime Minister Shigeru Ishiba, who took office on Tuesday.
   The written requests were handed to Ishiba by Masakazu Tokura of the Japan Business Federation, or Keidanren, Ken Kobayashi of the Japan Chamber of Commerce and Industry and Takeshi Niinami of the Japan Association of Corporate Executives, or Keizai Doyukai, at their meeting at the prime minister's office.
   Keidanren called for efforts to achieve an appropriate inflation level of around 2 pct and to sustain the momentum of wage growth, so that the Japanese economy does not miss the opportunity to fully overcome deflation after three decades.
   It also urged the government to draw up details of its plan to accelerate the restart of nuclear reactors and develop and build new ones, as well as to create a fair and sustainable social security system for all generations.
   The commerce chamber sought measures to facilitate fair transactions and to help reflect higher costs in prices, so that small businesses can afford to raise wages. It asked for a tax system that supports smooth business succession and capital investment, as well as steps to develop a tourism industry that attracts people to the countryside.

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AFP-JIJI PRESS NEWS JOURNAL


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