Abe Pledges Campaign to Loosen Japan Business Regulations
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Prime Minister Shinzo Abe’s delay in pushing forward plans to loosen Japanese business rules heightened pressure on the central bank to sustain confidence as stocks extended their slump from last month’s five-year high.
Abe yesterday said autumn will be the soonest legislation is unveiled for his growth strategy, which spans health industry deregulation to enhanced cooperation with private businesses in replacing aging infrastructure from waterworks to highways. The program is what he calls the third arrow attacking two decades of malaise, along with monetary and fiscal stimulus.