Public Policy Planning & Consulting Co. (SEISAKU-KOUBOU) is a public policy consulting firm based in Tokyo, covering broad policy areas such as economic policy, fiscal policy, regulatory policy, administrative reform, international trade and investment, etc.
PPPC provides consulting and briefing services to the clients in the central/local governments, Diet, local assemblies and the private sector.

This blog is aimed at providing general information, latest updates and some of our analytical reports about Japan's public policy in English.
The contents include;
- updates on some important government councils, especially those in which our executive officers serve as the members,
- weekly reports on latest news in Nagata-cho, the political center in Japan, (partially).
- analytical reports and articles by our members and distinguished experts outside the firm,(partially).


Comparison of Party Platforms (2): Economic Measures, Growth Strategy

This time, let us summarize the main parties’ policy on economic measures and growth strategy based on the parties’ official platforms.

Liberal Democratic Party


Democratic Party of Japan

Japan Restoration Party

Party for Future Generations

Japan Communist Party

1.         Economic measures

Measures considering the inflating fuel prices and reducing rice prices
l  Specific measures to be taken promptly (support to investment in new energy, appropriate cost-transference of uprising cost, etc.)
l  Emergent measures to be taken promptly given the uprising fuel cost (support to highly fuel-reliant industries such as agriculture and transport, expansion of income insurance as safety net, etc.)
l  Continuance of reduced tax on housing loans, decreasing interest rates of loans of Housing Support Agency, creation of residential eco-points, etc.
Emergent measures to stimulate recovery of individual consumption and investment in eye of positive economic cycle
l  Measures to deliver fruits of economic growth to family, SME and local economy and to connect corporate profits to employment and wages
l  Support to low and mid income brochures such as expansion of simple subsidy
l  Support measures to acquiring houses such as reducing housing loans
l  Reconsideration of the green tax on vehicles
l  Support to spontaneous efforts by the local governments in cold and depopulating areas such as provision of gasoline and kerosene to hospitals and social welfare facilities
l  Support to highly fuel-dependent industries such as agriculture and transport and small-sized corporations (safety net corresponding to uprising fuel cost, continuance of discounts of highway fees, introduction and expansion of surcharge, etc.)
l  Further measures toward energy conservation and renewable energy
l  Support to finance of SMEs (safety net loans and insurance, flexible implementation of loans in case of disaster, etc.)
Countermeasures to increasing fuel cost and weakening yen
(subsidy targeted at SMEs, agriculture, etc.)
Economic measures overcoming the distributive public works projects
l  Expansion of reduced tax on economical housing
l  Measures on weakening yen (reducing the gasoline tax, etc.)
l  Provision of education voucher to low income brochures
l  Creation of exemption system of gift tax subject to marriage and child-rearing money
l  Welfare: temporary subsidy to corporations which increased employment
l  Promotion of the smart community projects such as local assumption of natural energy and co-generation
l  Life support to the needy
Prompt measures on the rice price

2.         Growth Strategy

Further expansion of the positive economic cycle to every community by swift implementation of the Japan Revitalization Strategy
l  Corporate tax reform: reducing the corporate tax rate to 20s in several years
l  Creation of environment toward private-led economy: drilling the bedrock regulations in two years and expansion of the National Strategic Special Zones
l  Legal support to real estate industry, stimulation of investment, promotion of residential reform and used-housing industry
l  Enhancement of corporate governance
l  Construction of no.1 monetary market in Asia
l  Necessary measures to be considered and taken on growth money and safety net money
l  Comprehensive measures to stimulate industrial metabolism and acceleration of ventures
l  R&D enhancement, human resource, matching of industry-university-government, etc.
l  Tourism, Cool Japan strategy, IR
l  Disaster-resilience
l  Formation of high-speed railway networks including shinkansen and linear car, container ports, enhancement of the Haneda and Narita airports, etc.
l  Local revitalization in which local governments play the main role (decentralization reform, correction of financial gaps, compact city, etc.)
l  Local revitalization through regulatory reform, creation of local employment and industry
l  Revitalization of agriculture emphasizing local originalities and resources
l  Comprehensive support to management of construction, transport and shipbuilding industries which carry out the local economy
l  Agriculture to be transformed to growth industry, doubling income of farmers and villages through deceasing production cost and expanding size, utilization of robots and computers, branding, etc.
Firm implementation of the growth strategy
l  Raising the energy and environment (renewable energy, low CO2 society, etc.)
l  Raising the health care and nursery (innovative technology, ICT, development of robot nursery devices, etc.)
l  Aggressive agriculture (specific export strategy, branding through 6th industry, farmland concentration, etc.)
l  Industrial competitiveness of dairy farming, fishery and forestry
l  Action plan toward promotion of robot industry
l  Vital, warm community to be maintained through local revitalization (long-term vision on local revitalization, local employment, transference of the central government function, compact city, etc.)
l  Support to SMEs as carrier of energy/environment and heath care/nursery
l  Support to succession of SMEs (matching of companies without successor and business operators, reducing burden of gift tax and inheritance tax, etc.)
Policy resources to be concentrated at green, life, agriculture and SMEs.
l  Disposable income to be increased through investment to people which changes anxiety to hope such as child-rearing, employment and retirement life
l  Corporate tax to be reduced after securing alternative tax resources
l  Creation of comprehensive subsidy to local governments, decentralization reform bill to be proposed to accelerate transference of function and budget of the central government, simplification of procedures
l  Promotion of innovation of regenerative medicine, bio, ICT. Marine and space development
l  Support to business startup, SME support to be integrated under a newly nominated minister
l  Local revitalization and employment to be realized through renewable energy and SME support. Basic Act on promotion of decentralized energy to be proposed.
l  Enhancement of the life industry
l  Individual compensation to farmers to be legislated, number and income of farmers to be increased through promotion of agriculture
l  Promotion of domestic woods, stabilization of fishery management
l  Formation of compact city, promotion of reform business of used-residents,
Thorough competition policy to become “earning nation”
l  Thorough implementation of competition policy in all the industries
l  Medical care and social welfare to be transformed to growth strategy (standardization of medic through utilization of big data, lifting ban of mixed diagnosis, corporate entry, etc.)
l  Agriculture to be shifted to growth industry, JA reform, farmland act to be revised (abolishment of rice production adjustment and promotion of rice export, privatization and division of JA, stimulation of entry by allowing corporate ownership of farmlands, etc.)
l  Necessary legislative measures to be taken to open the governmentally-founded infrastructure business
l  Opening of the communication industry (complete privatization of NTT, capital division between infrastructure and services, revision of the radio act, etc.)
l  Tourism and culture to be new money-making icons (Singapore-type integrated resort to be realized, selection and concentration of local airports, privatization of airport management, etc.)
Regulatory reform and defeating the vested interests by doshu-divided efforts
l  Stimulation of entry into the agriculture, health/nursery care and energy by overcoming the bedrock regulations
l  Shift into least-necessary regulation/rules to sustain free and fair market while securing the national life and health
l  Construction of a capital/labor market which distributes production resources freely and fairly, creation of safety net which enables re-challenges
l  Thorough competition policy “from subsidy to vouchers”
l  Expansion of free trade zones
l  Capital regulation including a targeting-zone system on main currencies
l  Agriculture to be transformed to attractive, internationally-competitive industry
Stopping runaway of the Abenomics: shifting to life first will recover the economics
l  Tax reform which demands certain burden on major companies
l  Economic reform that utilizes the internal reserves of major companies to increase the national income
l  Shifting to support measures in eye of all SMEs as the main pillar of the economy
l  Agriculture to be restored by retreating from the TPP negotiations (drastic enhancement of price and income compensation by recognizing the agriculture as the primary industry)

(charts drafted by PPPC)

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