30 Jun 2014
Japan's Abe: Third arrow to defeat economic demons - FT
FXStreet (Bali) - Japan's Prime Minister Shinzo Abe wrote an opinion piece for the Financial Times this weekend, titled 'My ‘third arrow’ will fell Japan’s economic demons', in what represents his commitment to 3rd arrow reforms.
Among the most relevant headlines, Abe said: "Our structural reforms have shifted up a gear this month. I have also accelerated negotiations on the Trans-Pacific Partnership and on an Economic Partnership Agreement with the EU in recent months. The employment market is improving."
"A third question is whether economic growth can be sustained in Japan, with its ageing society and falling birth rate. Here, my answer is clear. We need the support of all citizens. Fiscal sustainability is crucial. GPIF review to be completed the soonest. Reducing the corporate taxes aimed at stronger growth. Political landscape constructive for further reforms progress."
Among the most relevant headlines, Abe said: "Our structural reforms have shifted up a gear this month. I have also accelerated negotiations on the Trans-Pacific Partnership and on an Economic Partnership Agreement with the EU in recent months. The employment market is improving."
"A third question is whether economic growth can be sustained in Japan, with its ageing society and falling birth rate. Here, my answer is clear. We need the support of all citizens. Fiscal sustainability is crucial. GPIF review to be completed the soonest. Reducing the corporate taxes aimed at stronger growth. Political landscape constructive for further reforms progress."