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Article: JAPAN SEEKS BALANCED GROWTH FOR MORE AFFLUENT SOCIETY
- Article from:
- THE JOURNAL RECORD
- Article date:
- December 31, 1987
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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Japan is starting to rejuggle its economy in an effort to attain
faster domestic growth and slower external growth.
Prime Minister Noburo Takeshita and his Cabinet accepted a plan
just before Christmas, prepared by the Economic Planning Agency, for
transforming the country from a supercompetitive export machine to a
more balanced and affluent society ready to play a larger role in
stabilizing the world economy.
This is an interim but significant step in putting the new
policies into action. With the Cabinet's approval, legislation will
be introduced to achieve the plan's goals, but some of the measures,
such as a land tax opposed by farmers, is likely to encounter stiff
lobbying ...