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Japan Revitalization Strategy (Revised in 2014)

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Japan Revitalization Strategy (Revised in 2014) Provisional Japan Revitalization Strategy Revised in 2014 -Japan’s challenge for the future - June 24th, 2014 1 2 Section1 Ⅰ．Basic Concept of Revising Japan Revitalization Strategy ........................ 1 II. Key Policy Measures in the Revised Strategy ............................................ 5 1. Restoring Japan’s Earning Power ................................................................... 5 (1) Companies to change ................................................................................. 5 (2) Changing the Country ................................................................................ 7 2. Cultivating Human Resources -- Promoting women's social participation and reforming working styles .................................................................................... 9 (1) Promoting women’s further active social participation ........................... 9 (2) Reforming working styles ........................................................................ 10 (3) Utilizing foreign human resources ........................................................... 10 3. Nurturing industries to become new growth engines and support regional communities ...................................................................................................... 11 (1) Developing aggressive agriculture, forestry and fisheries ..................... 11 (2) Vitalizing the health industry and providing high-quality healthcare services ........................................................................................................ 12 4. Regional Revitalization and Innovation of Small and Medium-sized Enterprises/Regional Economic Structure Reform ......................................... 13 (1) Regional revitalization and innovation of small and medium-sized enterprises .................................................................................................... 13 (2) Regional economic structure reform ...................................................... 14 Ⅲ．Future Measures for Further Growth ...................................................... 15 1. Continuing initiatives for a virtuous economic cycle ................................... 15 2. “Target-realizing and evolving Growth Strategy” ........................................ 16 3. Intensive Reform Efforts ............................................................................... 18 (1) Enhancing National Strategic Special Economic Zones ........................ 18 (2) Accelerating reforms towards 2020 ....................................................... 18 IV. Major Policy Measures in the Revised Strategy ....................................... 20 1. Restoring Japan’s Earning Power ................................................................. 20 (1) Companies to Change .............................................................................. 20 (2) Changing the Country ............................................................................ 22 2. Cultivating Human Resources -- Promoting women's social participation and reforming working styles .................................................................................. 23 3. Nurturing industries to become new growth engines and support regional communities .................................................................................................... 26 4. Regional Revitalization and Innovation of Small and Medium-sized Enterprises/Regional Economic Structure Reform ......................................... 29 Section2 Three Action Plans…………………………………………...32 I. Industry Revitalization Plan………………………………………………..33 1. Accelerating structural reform program (Vitalizing industries)..……….33 (1) Progress in achieving KPIs (2) Progress made in implementing measures (3) Specific new measures to be taken i) Enhancing corporate governance, promoting the supply of risk money and improving the investment chain ii) Support for ventures businesses iii) Improving the productivity of service industries 2. Reforming the employment system and reinforcing human resources capabilities…………………….……………………………………………….42 2-1. Labor movement without unemployment / Enhancing matching function / Realizing various ways of working………………………………………..42 (1) Progress in achieving KPIs (2) Progress made in implementing measures (3) Specific new measures to be taken i) Reforming ways of working ii) Creating a highly foreseeable labor dispute resolution system iii) Achieving labor movement without unemployment by revitalizing the external labor market 2-2. Promoting active social participation by women / Promoting active social participation by the young and the elderly / Utilizing foreign human resources……………………………………………………………………50 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i)Promoting active social participation by women ii)Promoting active social participation by the young and the elderly iii) Utilizing foreign human resources 2-3. University reforms / Strengthening human resources capabilities to meet the needs of globalization………………………………………………………68 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken 3. Promoting innovation in science and technology / Becoming the world’s leading intellectual property-based nation………………………………...74 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i) Development of an environment that generates innovation ii) Promotion of intellectual property and standardization strategies iii) Achievement of a new Industrial Revolution driven by robots 4. Becoming the world’s leading IT society…………………………………82 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken 5. Further strengthening Japan’s international competitiveness as a business hub………………………….………………………………………………….87 5-1. Realizing National Strategic Special Zones / Opening up rights to operate public facilities, etc. to the private sector (expanding utilization of PPP/PFI) / Improving infrastructure such as airports, ports and harbors / Improving competitiveness of cities…………………………………………………..87 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i) Corporation tax reform ii) Accelerated promotion of National Strategic Special Zones iii) Utilization of PPP/PFI iv) Improvement of the competitiveness of cities and strengthening of industrial infrastructure functions 5-2.Stimulating financial and capital markets / Management of public and quasi-public funds, etc……………………………………………..………102 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i) Vitalizing financial and capital markets ii) Reviewing management of public and quasi-public funds, etc. 5-3. Overcoming constraints of environmental/energy ………………………109 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken 6. Achieving regional revitalization and regional structural reform / Achieving reform among mid-ranking companies, SMEs and micro enterprises…………………………………………………………………115 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken Ⅱ. Strategic Market Creation Plan ………………………………………...123 Theme 1: Extending the nation’s healthy life expectancy…………………123 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i) Establishing systems for providing efficient, high-quality services ii) Creating a thriving industry for services not covered by public insurance iii) Consolidating and considering the scope of services subject to insurance benefits iv) Accelerating ICT use in healthcare and nursing care v) Others Theme 2: Realizing clean and economical energy supply and demand…...137 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken Theme 3:Building safe, convenient, and economical next-generation Infrastructure…….………………………………………………...142 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken Theme 4:Building regional communities that use their unique local resources to appeal to the world………..…………………………146 Theme 4-1) A rich rural society which produces the world’s highest-quality agricultural, forestry and fishery products and food produce……..146 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken i) Strengthening production sites ii) Linking domestic value chains iii) Promoting exports, etc. iv) Transforming forestry and fishery into growth industries Theme 4-2) A society which makes use of potential such as tourism resources to invite many tourists from around the world to regional communities………………………………………………………160 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken III. Strategy of Global Outreach………………………………….…………166 (1) Progress in achieving KPIs (2)Progress made in implementing measures (3)Specific new measures to be taken Ⅰ．Basic Concept of Revising Japan Revitalization Strategy (Past achievements) The Japanese economy has achieved great, clear change over the past year. When the Abe administration was inaugurated, the Japanese economy was obsessed with a chronic deflationary mindset after an economic slump that lasted for more
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