Overcoming the Economic Crisis by Regional Policy and the Challenges
Total Page:16
File Type:pdf, Size:1020Kb
Overcoming the Economic Crisis by Regional Policy and the Challenges Makoto TAKETOSHI Vice-Minister Ministry of Land, Infrastructure, Transport and Tourism, Japan 1 Ministry of Land, Infrastructure, Transport and Tourism Trend of Japan's GDP Growth Rates since 1979 (%) 10.0 6.7 6.0 5.1 5.0 4.5 5.0 3.9 2.8 2.9 2.6 2.3 2.5 2.1 2.3 2.3 4.3 1.1 2.2 0.7 2.6 2.6 2.8 1.1 1.7 2.0 -1.4 0.0 1.9 0.0 -1.0 -1.5 -0.8 -5.0 -4.5 -10.0 -12.1 -15.0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 0 0 0 7 8 8 8 8 8 8 8 8 8 8 9 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 0 0 0 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 8 8 ① ② ③ Note: Quarter base estimation in 2008 2 Source: Cabinet Office Trend of Stock Prices and Land Prices in Japan since 1980 Stock Price(yen) Land Price Index 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 1980(=100) 45,000 450 40,000 400 Land Price of 35,000 350 Business District in Tokyo area 30,000 300 25,000 250 20,000 200 15,000 150 10,000 100 Nikkei Stock Market Index Closing Price of End of Month 5,000 50 0 0 Plaza Accord Plaza Monday Black 1980 1985 1990 1995 2000 2005 Application of zero zero of Application finance Freezing Pay Off Pay Freezing Corporation Collection and Resolution The of Establishment firms securities and banks major of Bankruptcy policy rate interest public dress fullof Injection 3 - Urban Renaissance Project in Tokyo Ikebukuro 池袋駅Station Shinjuku Tomihisa Area along Akihabara and Kanda 環状四号線新宿 秋葉原・神田地域Districts Shinjuku Station 富久沿道地域Circular Route No. 4 Surrounding新宿駅周辺地域 Area (約 160 (約 160ha) Akihabara 秋葉原駅 Station ha) Shinjuku Station新宿駅 東京駅・有楽町駅Tokyo Station and Yurakucho周辺地域 Station Surrounding Areas Tokyo 東京駅 Station Circular Route No. 2 Shimbashi (約 160ha) 環状二号線新橋周辺・ Vicinity and Akasaka赤坂・六本木地域 and Roppongi Districts Shimbashi Station新橋駅 Shibuya Hamamatsucho (約 160渋谷駅ha) 浜松町駅 Station Station Shibuya渋谷駅周辺地域 Station Tokyo Coastal 東京臨海地域 Surrounding Areas District (約 160ha) (約 160 Gotanda五反田駅 Station ha)品川駅 Shinagawa Osaki 大崎駅Station Station 大崎駅周辺地域 Osaki Station Surrounding Areas (約 160ha) 4 Shift in the Aggregate Market Value of J-REIT Real Estate Securities 8,000 45 End of May 2007 Number of REITs : 41 40 7,000 Market capitalization: 6.8trillion yen 35 6,000 30 5,000 25 4,000 20 3,000 Number of REITs 15 Market capitalization (billion yen) (billion capitalization Market 2,000 10 End of February 2009 1,000 Number of REITs : 41 Market capitalization: 2.3 trillion yen 5 0 0 Sep.'01 Mar.'02 Sep.'02 Mar.'03 Sep.'03 Mar.'04 Sep.'04 Mar.'05 Sep.'05 Mar.'06 Sep.'06 Mar.'07 Sep.'07 Mar.'08 Sep.'08 5 Total (billion yen) Number of listed issues Trend of Regional Income Disparities in Japan (Gini coefficient) 0.14 Wider 0.13 0.12 Regional DisparityRegional 0.11 0.10 0.09 0.08 0.07 Narrower 0.06 1955 60 65 70 75 80 85 90 95 2000 (Fiscal Year) Notes: 1)Calculated based on Prefectural Accounts, Cabinet Office, Government of Japan, as well as Population Census, and Annual Report on Current Population Estimates, Ministry of Internal Affairs and Communications. 6 2) The income figures of the prefectural residents are calculated based on the 68SNA for the years before 1989, and 93SNA thereafter. Source: MLIT Strengthening Global Business Power -Haneda Airport/Narita Airport- Narita Haneda Airport Airport 2,500m(plan) A滑走路 3,000m 国 C滑走路 3,000m 際 第 タ 線 第 2,180m(current) ー 1 タ 2 タ 旅 ー旅 ミ 客 ナ ー客 ミ ル ミ ナ ナ ル ル Keisei Takasago St. Inzai NihonIkadai St. Narita Nippori St. Airport 連絡誘導路 Terminal St. Tokyo St. Access to Narita from Tokyo by Train 50 minutes (current) → 30 minutes (in 2010) Keikyu Kamata St. Haneda Airport 7 Terminal St. Economic Linkage with East Asia Trade with Asia -- 1.7 times increase in 7 years Total ( billion US dollars) 1,332 1,400 Total 1,200 862 Others 1,000 Others Europe and North America 800 410 Europe 600 and North America 368 Asia 400 Asia 610 200 357 0 2000 2007 8 Revitalization of Local Areas Revitalization of rural Making city centers attractive economy by valorizing unused resources Floral decoration in the main street Children’s Farming Experience 9 "Merchandised" Natural Leaves to Attractive public space in the mall Decorate Japanese Dishes Multiple-Job Collaboration Cooperation between a forestry union with skills and a construction association with human resources and equipment in Hida area 10 Reform of National Spatial Planning System Comprehensive National National Spatial National Plan Development Plans Strategies Regional Plans Comprehensive Development Plan of Hokkaido Tohoku Region Hokuriku Region Chugoku Region National Capital Region Chubu Region Kinki Region Kyushu Region Shikoku Region Okinawa Promotion and Development Plan 11 Decrease in the number of municipalities through merger 3,232 3500 3000 568 2500 1,821 1,793 2000 Villages 198 towns 1994 195 1500 cities 846 815 1000 500 670 777 783 0 1999 2006 2008 Source: Ministry of Internal Affairs and Communications 12 The Eco-Model Citi es Shimokawa town Obihiro city Iida city Chiyoda city Toyama city Yokohama city Kyoto city Kitakyushu city Toyota city Miyakojima city Sakai city Yusuhara town 13 Minamata city.