ID :
178116
Tue, 04/26/2011 - 22:10
Auther :

New business lobby chief in Japan eyes 2-3% growth proposal

TOKYO, April 27 Kyodo -
The new chief of the Japan Association of Corporate Executives, a business lobby known as Keizai Doyukai, said he plans to steer the group to propose measures to pull Japan out of its economic lull and achieve a 2 to 3 percent growth.
Yasuchika Hasegawa, who became the group's chairman Wednesday, said in a recent interview with Kyodo News that he hopes to discuss with policy leaders of the ruling and opposition parties how to remove obstacles in realizing such a growth and how much time the country can afford for it.
''We will need to develop a new industry which will lead the next stage of growth,'' said Hasegawa, president of Takeda Pharmaceutical Co.
''To that end, we will ask for regulatory reform to allow corporate realignment and structural changes without fighting a war of attrition in the domestic market.''
Japanese companies will have better chances of achieving growth in global competition if the government makes it a national strategy to provide appropriate support for the start of new businesses, he said.
While the damage to the country's supply chains from the March 11 earthquake and tsunami will be repaired over time, Japan needs to consider making new legislation to invite immigrants to attain growth when the population is declining, said Hasegawa.
Japanese companies are also lagging in expanding to fast-growing emerging countries, Hasegawa said, suggesting a transfer of their established general-purpose technologies as one way to catch up.
Japan also needs policymakers who put the national interest before everything else to end notorious practices such as frequent changes of the prime minister and constant political infighting, he said.

X