From 7:00 pm on the 11th , Heizo Takenaka former Minister of Internal Affairs and Communications gave a lecture on the theme of " Challenges and Future of growth of the Japanese economy in anticipation of the Tokyo Olympic Games in 2020 " in Bunkyo building large auditorium of Sao Paulo Liberdade district . Among them , it describes the basic policy of three called " Three Arrows " economic policies of three Cabinet Second Abe , popular name in the " Abenomikusu " . I also mentioned about the economic ripple effect of the Tokyo Olympics .
3.8 percent growth rate of gross domestic product (GDP) in the second quarter , using the data of about 60% up arranged in the annual rate of increase in stock price bubble at the time also of Tokyo of the end of October , beginning Takenaka , " last year Summary since its inception in December , economic management of 10 months and " doing well . I describes the " Three Arrows " and " 100% correct that you are trying to do , whether feasible issue " of .
Arrow = first " monetary easing aggressive to eliminate deflation "
The bursting the mechanism of deflation first , Takenaka explained the current state of Japanese economy has stagnated consumption investment not proceed . Monetary easing aggressive is a solution on it , it was explained that aim Abe Cabinet " 2% inflation target , increased to twice the amount of money ( Bank of Japan assets ) in two years ," the thing .
In addition, the opinion that the cause of deflation a decline in population , the economy in that it denied using the example of other countries such as Russia and Ukraine , using the word " from the care economy " In addition, we changed the expectations of the people I also spoke and urged the activation .
Arrow of the second = " fiscal policy in a flexible manner "
Described in " point of view and two short-term fiscal expansion medium-term financial reconstruction (up to 2020 ) are required ," said about this . For the former , the view that " has paid off so far 3.8% GDP growth rate in the second quarter as indicated , 's to the expansion of government spending in the budget of 10 trillion yen" shows , it was said, " state that arrows do not fly yet " for the latter .
One of the reasons , describes the current state of Japan has increased by 1 trillion yen per year , social security amount to overcome the problem of the calculation of social security that extends to more than even increasing the " consumption tax by aging rebuilt is difficult if not , " it 's for .
Arrow third = " growth strategy "
Realize even without young in the next year the most recent , not the horn of plenty on . Growth strategy in decades after a big difference increase or decrease of 1% (GDP or grown much in the previous year) of " economic growth Takenaka , who prefaced with " insisted the need to hand out as concrete , to lighten the tax burden by giving freedom to the private sector . In the ranking by the World Bank to announce , Japan has been described to be located in the # 47 from the height of the income tax and many of the regulations .
On top of that , it is important the cue break and medical fields as agriculture and deregulation not be realized for many years of the so-called " rock regulation " in particular . Abe Cabinet , described is provided with a special zone to ease regulations in limited areas , and trying to make a successful case .
Takenaka said the unique perspective of " special zones in the Olympics Tokyo area " in this . Specifically , Tokyo and an increase in international flights at Haneda Airport - Improved access from the city center , such as opening the Shinkansen between Haneda . I also mentioned the proposal , such as the " 24- hour subway of Tokyo" .
Also of the fiscal consolidation items Abe Cabinet , the target year of 35 to talk with until '20 , gave the three economic ripple effect of the Olympics .
One effect in the "hard" surface . Refers to infrastructure development and construction of facilities , and tourist increase , this was estimated " economic ripple effect of 3 trillion yen or more " he said .
The second effect of " soft power " . I said, " Olympics 70% of the world's population to watch on TV , the chance to push out the charm of the country " he said.
The third thing " Olympics chance of regulatory reform " is . Statistics 1950 to 2006 , shows the research results import and export that increased 30% across the Olympics , was " an excuse to change the domestic regulations of foreign exchange and trade , Olympics opportunity good reset " he said.
3.8 percent growth rate of gross domestic product (GDP) in the second quarter , using the data of about 60% up arranged in the annual rate of increase in stock price bubble at the time also of Tokyo of the end of October , beginning Takenaka , " last year Summary since its inception in December , economic management of 10 months and " doing well . I describes the " Three Arrows " and " 100% correct that you are trying to do , whether feasible issue " of .
Arrow = first " monetary easing aggressive to eliminate deflation "
The bursting the mechanism of deflation first , Takenaka explained the current state of Japanese economy has stagnated consumption investment not proceed . Monetary easing aggressive is a solution on it , it was explained that aim Abe Cabinet " 2% inflation target , increased to twice the amount of money ( Bank of Japan assets ) in two years ," the thing .
In addition, the opinion that the cause of deflation a decline in population , the economy in that it denied using the example of other countries such as Russia and Ukraine , using the word " from the care economy " In addition, we changed the expectations of the people I also spoke and urged the activation .
Arrow of the second = " fiscal policy in a flexible manner "
Described in " point of view and two short-term fiscal expansion medium-term financial reconstruction (up to 2020 ) are required ," said about this . For the former , the view that " has paid off so far 3.8% GDP growth rate in the second quarter as indicated , 's to the expansion of government spending in the budget of 10 trillion yen" shows , it was said, " state that arrows do not fly yet " for the latter .
One of the reasons , describes the current state of Japan has increased by 1 trillion yen per year , social security amount to overcome the problem of the calculation of social security that extends to more than even increasing the " consumption tax by aging rebuilt is difficult if not , " it 's for .
Arrow third = " growth strategy "
Realize even without young in the next year the most recent , not the horn of plenty on . Growth strategy in decades after a big difference increase or decrease of 1% (GDP or grown much in the previous year) of " economic growth Takenaka , who prefaced with " insisted the need to hand out as concrete , to lighten the tax burden by giving freedom to the private sector . In the ranking by the World Bank to announce , Japan has been described to be located in the # 47 from the height of the income tax and many of the regulations .
On top of that , it is important the cue break and medical fields as agriculture and deregulation not be realized for many years of the so-called " rock regulation " in particular . Abe Cabinet , described is provided with a special zone to ease regulations in limited areas , and trying to make a successful case .
Takenaka said the unique perspective of " special zones in the Olympics Tokyo area " in this . Specifically , Tokyo and an increase in international flights at Haneda Airport - Improved access from the city center , such as opening the Shinkansen between Haneda . I also mentioned the proposal , such as the " 24- hour subway of Tokyo" .
Also of the fiscal consolidation items Abe Cabinet , the target year of 35 to talk with until '20 , gave the three economic ripple effect of the Olympics .
One effect in the "hard" surface . Refers to infrastructure development and construction of facilities , and tourist increase , this was estimated " economic ripple effect of 3 trillion yen or more " he said .
The second effect of " soft power " . I said, " Olympics 70% of the world's population to watch on TV , the chance to push out the charm of the country " he said.
The third thing " Olympics chance of regulatory reform " is . Statistics 1950 to 2006 , shows the research results import and export that increased 30% across the Olympics , was " an excuse to change the domestic regulations of foreign exchange and trade , Olympics opportunity good reset " he said.