Japanese Prime Minister Shinzo Abe pledged Monday to accelerate his mix of policies to prop up Japan's economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact.
In his policy statement opening the 66-day parliamentary session, Abe outlined an extra set of stimulus measures to help the economic recovery and spur more consumer and corporate spending. He aims to push through a supplementary budget to implement some of the measures as part of a larger package.
Abe reiterated that the global economy faces "major risks" such as uncertainty over Britain's exit from the European Union and the slowdown of emerging economies including China, stressing the need to accelerate his Abenomics policy mix of fiscal stimulus and structural reforms.
"We'll further accelerate Abenomics and maximize the pace of moving out of deflation," he said.
Abe said the TPP is a key part of his growth policies, though he did not set a specific deadline for parliamentary approval of the trade pact, apparently amid uncertainty ahead of the U.S. presidential election in November. He only hinted at a timing of TPP approval sometime later this year.
"An early entry into force of the TPP will be a big chance and we will aim to quickly achieve a 1 trillion yen ($10 billion) target (of annual agricultural exports)," Abe said.
He said he seeks to reach a basic economic partnership agreement with the European Union by the end of December, a target that Japan has previously set.
Abe highlighted the economy in his address, while touching on his long-cherished but divisive political goal of revising Japan's U.S. occupation-era constitution. He urged a national debate as a step to gain support for a revision, but mentioned the constitution only briefly at the end of his speech.
Our editors found this article on this site using Google and regenerated it for our readers.
MSG to trade prive jets with its executive chairman
Ralph Lauren stock soars after Melania wears...
How these unemployed people survive in America
Trump’s proposed tax breaks will let you...
Got credit card debt? Get ready to get screwed
Noble introduces Smart Injection Pad
Illinois, feds take on abusive student loan practices...
Comcast Might Be the Key to Netflix's Continued...
Consumer appeal puts crossovers in driver's...
Small business owners hope to see changes to...
Tax time brings out scammers
New prescription: Doctor offices that look like...
|‘Lucifer’ Season 2 Spoilers: Fox Series To Go On Long Hiatus Before Timothy Omundson’s God Johnson Is Introduced?|
|Ariana Grande Reunites With ‘Victorious’ Co-Stars Matt Bennett, Elizabeth Gillies At Women’s March Los Angeles [PHOTOS]|
|‘Big Bang Theory’ Season 10 Spoilers: Episode 15 Synopsis Teases Sheldon Being Left Out Of Leonard, Howard’s Plans|
|‘The Affair’ Season 3 Spoilers: Noah’s World Collapses, Helen’s Guilt Gets The Best Of Her In Episode 9 [VIDEO]|