Japan’s top business lobby has proposed a policy plan to boost the country's gross domestic product to ¥1 quadrillion ($6.6 trillion), urging the government to raise taxes on the rich to achieve a “virtuous cycle of growth and distribution.”
The Japan Business Federation, or Keidanren, on Monday suggested a series of policy proposals called “Future Design 2040,” aimed at tackling Japan’s declining birth rate and aging population and lack of energy resources.
“The ‘Future Design 2040’ demonstrates what our country’s ideal society looks like in 2040, around the time (Japan’s) elderly population is expected to peak, and presents policies to realize it,” Masakazu Tokura, who heads the organization, told reporters.
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